M 612 Quiz 2

subject Type Homework Help
subject Pages 2
subject Words 216
subject Authors Henry R. Cheeseman

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page-pf1
Once the number of board of directors is fixed by the articles of incorporation, the
number cannot be amended.
If an accession is made wrongfully, the improver acquires title to the improved property
and does not have to pay the owner for the property.
At common law, parties to an illegal contract were considered in equal fault.
In order to be found guilty for violation of Rule 10b-5, intentional conduct (scienter)
must be proven.
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In the case of presentment across the counter, the payer bank has six banking days to
dishonor the check.
A fee simple owner has the right to exclusively possess and use his or her property to
the extent that the owner has not transferred any interest in the property.
The corporation that is owned by the parent corporation in a share exchange is known
as the surviving corporation.
The No Electronic Theft Act (NET Act) can be invoked forcopyright infringements that
do not involve financial gain.

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