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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 point 1 (pg. 847) Q: delineate at least three characteristics that realise messs from another(prenominal) 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 dole out 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 pull in ones horns or die, the association 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. gesture 2 (pg. 847) Q: refer between a closely held corporation and a publically held corporation. A: The distinguish between these deuce corporations is that closely held corporation only offers stocks to family members and friends, were on the other slip by publicly held corporation has their stocks available to the public.

________________________________________________________ Chapter 39 Question 3 (pg. 868) Q: What is the business sound judgment eclipser? A: Business judgment regain is a rule that protects directors and officers and hold them not liable for decisions that slander the corporation if they were performing in a good reliance 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 unconquerable in this case? A: I think that the judgment will plead with the defendant Q: What facts would the stockholders direct to present to dispose 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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