Which of the Following Corporate Decisions Requires an Approval Vote

question 23

Multiple Choice

Which of the following corporate decisions requires an approval vote of the shareholders?

• A)Merger
• B)Share trading
• C)Purchasing land for office
• D)Joint venture

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Definitions:

Impossibility

A doctrine under which a party to a contract is relieved of his or her duty to perform when that performance has become impossible because of the occurrence of an event unforeseen at the time of contracting.

Express Condition

A clearly stated, specific requirement within a contract that must be met for the contract's promises to be enforceable.

Rose Bowl

A historic American annual college football bowl game played in Pasadena, California.

Breaches of Contract

Failures to fulfill the terms agreed upon in a contract, leading to legal disputes and remedies.