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Module Four Case Analysis Assignment 4-3 Chapter 38 Corporations: Formation and Financing Chapter 39 Corporations: Directors, Officers & Shareholders Chapter 40 Corporations: Mergers, Consolidations, Terminations Chapter 38 doubt 1 (pg. 847) Q: delineate at least three characteristics that narrate messs from former(a) forms of demarcation organizations. A: Three characteristics that distinguish deals from other forms of business organizations is iodine the free transferability of corporate shares where they can cope their shares or moderate them to charity. Second, the perpetual existence, which if shareholders die, connection dont dissolve. As good as if corporate directors or officers lead or die, the companionship continues to exist. Third, Centralized management shareholders elect a board of directors that, in turn, selects officers to manage the day-to-day business of the corporation. enquire 2 (pg. 847) Q: refer between a closely held cor poration and a publically held corporation. A: The distinguish between these cardinal corporations is that closely held corporation only offers stocks to family members and friends, were on the other sacrifice publicly held corporation has their stocks available to the public.

________________________________________________________ Chapter 39 Question 3 (pg. 868) Q: What is the business vox populi eclipser? A: Business judgment conventionality is a rule that protects directors and officers and hold them not liable for decisions that ill-use the corporation if they were performing in a good religious belief at the time. Which it to a ! fault encourage individuals to serve as directors and grant directors freedom to invent without constant fear of personalised liability. Question 4 (pg. 868) Q: What do you think the court obstinate in this case? A: I think that the judgment will plead with the defendant Q: What facts would the stockholders direct to present to move the judge that the directors had in fact breached...If you deprivation to get a full essay, order it on our website: BestEssayCheap.com

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