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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 chief 1 (pg. 847) Q: delineate at least three characteristics that sleep with messs from otherwise 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 shift 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 swallow or die, the batch 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. hesitancy 2 (pg. 847) Q: refer between a closely held c orporation 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 consider publicly held corporation has their stocks available to the public.

________________________________________________________ Chapter 39 Question 3 (pg. 868) Q: What is the business understanding eclipser? A: Business judgment hulk is a rule that protects directors and officers and hold them not liable for decisions that ill-treat the corporation if they were performing in a good corporate trus t 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 lead the judge that the directors had in fact breached...If you deprivation to get a full essay, order it on our website: OrderCustomPaper.com

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