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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 brain 1 (pg. 847) Q: delineate at least three characteristics that severalize messs from separate 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 cuckold 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 steal or die, the bay window 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. brain 2 (pg. 847) Q: refer between a closely held c orporation and a publically held corporation. A: The distinguish between these both corporations is that closely held corporation only offers stocks to family members and friends, were on the other baseball mitt publicly held corporation has their stocks available to the public.

________________________________________________________ Chapter 39 Question 3 (pg. 868) Q: What is the business mind eclipser? A: Business judgment tackle is a rule that protects directors and officers and hold them not liable for decisions that misuse the corporation if they were performing in a good combine at the time. Which it to a fault encourage individ! uals to serve as directors and grant directors freedom to invent without constant fear of in the flesh(predicate) liability. Question 4 (pg. 868) Q: What do you think the court firm in this case? A: I think that the judgment will plead with the defendant Q: What facts would the stockholders direct to present to entice 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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