Examlex
Which of the following elements is necessary for informed consent?
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.
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