What Must Be Used in Order to Circumvent the General

question 13

Multiple Choice

What must be used in order to circumvent the general powers of the directors of a corporation to manage or supervise the ongoing business and affairs of a corporation?

• A) provisions made in the bylaws or unanimous shareholders agreement
• B) resolution of the majority shareholders of the corporation
• C) provisions contained in the bylaws or a shareholders' agreement
• D) unanimous resolution of majority and minority shareholders

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Definitions:

Armed Guards

Security personnel equipped with weapons to protect a person, place, or object.

Fallacy of Amphiboly

A logical fallacy resulting from ambiguous grammar that leads to a misinterpretation of a statement or argument.

Grammar

The set of structural rules governing the composition of clauses, phrases, and words in a natural language.

Confirmation Bias

The inclination to view new information as support for one's pre-existing opinions or hypotheses.