The Directors of Acme Corp

question 9

Multiple Choice

The directors of Acme Corp. unanimously approved a merger agreement between Acme and Generic Inc. The Model Business Corporation Act (MBCA) is in effect in the state where both corporations are incorporated. The two corporations begin performing the various duties set out in the merger agreement. Certain shareholders of Acme then institute suit in an effort to block the merger. The shareholders maintain that the proposed merger should have been submitted to them for approval. Nothing in Acme's articles of incorporation requires the directors to submit such matters to the shareholders. The directors claim that the merger was carefully considered and is in the best interests of the corporation. Under these circumstances, _____.

• A) the directors will prevail if they can prove that the merger was in the corporation's best interests
• B) the shareholders will be successful in their suit because under the MBCA, approval of all classes of shares is required for a merger or consolidation
• C) the directors will prevail because the MBCA gives them the right to overrule the shareholders' decisions in mergers
• D) the shareholders will not be successful in their suit because the directors have acted in the best interests of the corporation

Understand medical coding for sexually transmitted infections in the context of gynecological health.

Accurately code for gynecological procedures and screenings.

Evaluate and interpret the significance of medical conditions affecting females of childbearing age.

Understand how to compute the average collection period for accounts receivable.

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Definitions:

Insurance Agreement

A contract between an insurer and an insured, outlining coverage terms, conditions, and the scope of insurance protection.

Potential

Refers to the capacity or ability that something or someone has to develop, achieve, or become something more in the future.

Loss

The state of being deprived of or of being without something that one has had.

Casualty Insurance

Insurance that protects a party from accidental injury.