A Role-Based Obligation Is

question 26

Multiple Choice

A role-based obligation is:

• A) An obligation that someone adopts voluntarily.
• B) An obligation that someone has in virtue of occupying a particular social role.
• C) An obligation that you have to people who occupy a particular social role.
• D) An obligation that someone only pretends to have.

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Definitions:

Incorporators

Individuals involved in forming a corporation, who sign the articles of incorporation and may act as temporary directors until a board is elected.

Perfunctory

Carried out with a minimum of effort or reflection.

Short-lived

Referring to something that lasts for a brief period of time.

RMBCA

The Revised Model Business Corporation Act, which serves as a guide for states in drafting their corporation statutes.