How Many Justices Are There on the Supreme Court

question 48

Multiple Choice

How many justices are there on the Supreme Court?

• A)7
• B)8
• C)9
• D)11

Recognize the legal implications and responsibilities of shareholders in the context of dividends and illegal distributions.

Comprehend the essentials of dissenters’ rights and the conditions under which they apply.

Identify the requirements for corporate actions such as asset sales and mergers, including shareholder approvals.

Know the rights of members under the Model Nonprofit Corporation Act (MNCA) and shareholders' rights in corporate governance.

---

Definitions:

Compounded Monthly

The process where interest earned on an investment is added to the principal each month, with future interest then earned on the new total.

Semi-Annually

Describes an event or action that occurs twice a year, typically every six months.

Present Values

The valuation in today's currency of future cash flows or a lump sum, factoring in a specific rate of return.

Discount Rate

This is the interest rate that's used to determine the current value of future cash flows in the analytical process of discounted cash flow.