A Board of Directors May Enter into Any Contract or Transaction

question 50

True/False

A board of directors may enter into any contract or transaction necessary to carry out the business for which the corporation was formed.

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Definitions:

Fearlessness Hypothesis

A theory that suggests that psychopaths have a higher threshold for feeling fear than other people. Events that make most people anxious (such as the expectation of being punished) seem to have little or no effect on psychopaths.

Threshold

The level of strength a stimulus must reach to be detected, or the point at which a physiological or psychological effect begins to be produced.

DSM-5 Criteria

The diagnostic criteria for mental disorders as outlined in the fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, used by healthcare professionals.

Antisocial Personality Disorder

A long-standing mental condition defined by consistent neglect of or violation against others' rights.