Note That an Asterisk (*) Instead of the Letter X

question 65

True/False

Note that an asterisk (*) instead of the letter X is used for multiplication.

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Definitions:

Quorum

A quorum is the minimum number of members of a deliberative assembly (such as a board or committee) necessary to conduct the business of that group.

Majority Vote

A voting requirement where more than half of the votes cast by persons entitled to vote is needed to make a decision or pass a resolution.

MBCA

Model Business Corporation Act, a set of model laws implemented by some states to regulate the affairs of corporations.

Guth V. Loft

A notable court case dealing with corporate opportunity doctrine, establishing parameters for fiduciary duty and conflicts of interest within corporations.