The Justices of the Supreme Court

question 81

Multiple Choice

The justices of the Supreme Court

• A) have recently extended First Amendment rights to corporations and labor unions in federal elections.
• B) have recently overturned the ban on "soft money."
• C) have determined that money has no place in federal campaigns.
• D) have determined that public universities can no longer assess mandatory fees.

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with the care of money or property.

Voidable Contract

A contract that may be legally voided at the option of one of the parties due to reasons like fraud, duress, or misrepresentation.

Disinterested Directors

Board members who do not have a personal financial interest in a corporate decision, ensuring unbiased governance.

Quorum Of The Board

The minimum number of board members that must be present at a meeting to legally conduct business.