A Corporation May Sue a Director Owning More Than Ten

question 31

Multiple Choice

A corporation may sue a director owning more than ten (10) percent of any class of corporate stock who makes a profit by selling any such stock:

• A) if the sale is made more than six (6)months after the original purchase of the stock by the director.
• B) only if the stock was originally acquired with fraudulent intent.
• C) only if the stock was sold with fraudulent intent.
• D) if the sale was made less than six (6)months after the original purchase of the stock by the director.

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Definitions:

Organizational Structure

The system of tasks, workflows, reporting relationships, and communication channels that link together the diverse parts of an organization.

Marketing Plan

a comprehensive document outlining a company's strategy for promoting its products or services, including details on target markets, positioning, marketing mix, and budget.

Expense Forecast

Expense Forecast refers to projecting future business expenses over a specific period based on historical data and expected future activities, helping in budget planning and financial management.

SWOT Analysis

A strategic planning technique used to identify strengths, weaknesses, opportunities, and threats related to business competition or project planning.