Show:
36A
36B
36&16
16A
16B
100
one corporation absorbed by another
What is merger?
100
Combining two corporations to form a new one
What is consolidation?
100
person who exposes wrongdoing in an organization
What is whistleblower?
100
goods that are in being and owned by the seller
What is existing goods?
100
written evidence of title to tangible personal property
What is bill of sale?
200
____________ is frequently the president or the chairperson of the board of directors?
What is the chief executive officer? The chief executive officer is frequently the president or the chairperson of the board of directors.
200
Right to purchase new shares in proportion to shares owned
What is preemptive right?
200
movable personal property
What is goods?
200
agreement to transfer title to goods for a price
What is contract to sell?
200
goods not both existing and identified
What is future goods?
300
With regard to absentee voting, the person authorized to vote for another is known as a(n) ________.
What is proxy? With regard to absentee voting, the person authorized to vote for another is known as a proxy. The written authorization to vote is also called a proxy.
300
Device whereby stock is transferred to trustee to vote it
What is voting trust?
300
all physical items except real estate
What is movable personal property?
300
goods picked to be delivered to the buyer
What is identified goods?
300
consideration in a sales contract
What is price?
400
A stockholders' meeting, in order to be valid, requires the presence of a _______________.
What is quorum? A stockholders' meeting, in order to be valid, requires the presence of a quorum, or a minimum number of shares that must be represented in order that business may be lawfully transacted.
400
Attempt by competing sides to secure majority of stockholders’ votes
What is proxy war?
400
land and things permanently attached to land
What is real property?
400
transfer of title to goods for a price
What is sale?
400
evidences of ownership of personal property
What is intangible personal property?
500
The method of voting which provides that in the election of directors, a stockholder may cast as many votes in the aggregate for any one or more directors as is equal to the number of shares owned multiplied by the number of directors to be elected is called _____________.
What is cumulative voting? The method of voting which provides that in the election of directors, a stockholder may cast as many votes in the aggregate for any one or more directors as is equal to the number of shares owned multiplied by the number of directors to be elected is called cumulative voting.
500
The primary policy-making body of the corporation
What is the board of directors? The board of directors also is the primary policy-making body of the corporation. The board of directors controls the corporation by selecting the chief agents of the corporation, such as the president, the vice president, the treasurer, and other officers, who in turn perform the managerial functions.
500
A sales contract is ordinarily a(n) ________ contract.
What is implied? A sales contract is ordinarily an express contract, but some of its terms may be implied. If the sales contract does not state the price, it will be held to be the reasonable price for the same goods in the market.
500
A sales contract that does not meet the requirements of the UCC is ______________.
What is unenforceable? A sales contract that does not meet the requirements of the UCC is unenforceable. However, if both parties—the buyer and the seller—choose to abide by its terms even if they are not legally bound to do so, neither one can later avoid the contract. Both parties must honor the contract.
500
________ of the Uniform Commercial Code governs sales of goods.
What is Article 2? Article 2 of the Uniform Commercial Code (UCC), effective in all states except Louisiana, governs sales of movable personal property.