Daryl, Elsa, and Ferris Are the Directors of Go Apps

question 30

Multiple Choice

Daryl, Elsa, and Ferris are the directors of Go Apps, Inc. Go also has four officers and fourteen shareholders. Dividends can be ordered by the firm's​

• A) ​board.
• B) ​minority shareholders.
• C) ​officers.
• D) ​majority shareholders.

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Definitions:

Constitutional Rights

Rights protected under the federal constitution that guarantee individual freedoms and legal protections.

Court Of Law

A court in which the only remedies were things of value, such as money. Historically, in England, courts of law were different from courts of equity.

Criminal Proceedings

Judicial processes in which crimes are prosecuted, involving stages such as arrest, charge, trial, and possibly sentencing or appeal.

Recognizance

A legal obligation where an individual promises to do something, such as appear in court, without posting bail.