MegaValue Corporation Requires a Quorum of Five Directors

question 34

True/False

MegaValue Corporation requires a quorum of five directors.If Branson, a director, shows up at the meeting for a vote on his favorite topic (dividends) and withdraws thereafter, leaving only four directors, they, under the Revised Act, may not act on any further business.

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Definitions:

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Validity

The extent to which a concept, conclusion or measurement is well-founded and corresponds accurately to the real world.

Oldest Son

The firstborn male child in a family.

Set Boundaries

The process of establishing limits in relationships that protect one's well-being and define acceptable behavior from others.