Reference no: EM133531450

Question 1

The board of directors management responsibilities may be delegated to committees made up of board members.

True

False

Question 2

The benefit of a Sub S corporation is that it is taxed like a partnership.

True

False

Question 3

A director's vote to use a tender offer defense to interfere with a raider's takeover of the corporation may violate his or her duty of care to the corporation.

True

False

Question 4

A corporation is required to adopt all contracts that the promoter has created on behalf of the corporation.

True

False

Question 5

Directors under certain circumstances may be held personally liable for losses suffered by the corporation.

True

False