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Question 1

Junior is a director of MA Manfr. Co. Which of the following is not an automatic right of Junior as a director?

Question 2

James and Dolly are directors of Madison Properties, Inc. Voting by James and Dolly at corporate directors' meetings:

Question 3

William is a director of Harrison Lumber, Inc. Under the standard of due care owed by directors of a corporation, William must:

Question 4

The standard that a director must adhere to when carrying out her work as the director of a company in order to meet her Duty of Care is equivalent to that which would be carried out by:

Question 5

Tommy is a lawyer extremely skilled in the area of antitrust work and litigation. He is also a director of ComuniCo. Recently, Tommy has been very busy at work and has not been able to make any of the company's board meetings. In his absence, the company engaged in a transaction that subsequently got them in trouble with the FCC over an antitrust violation. The action with the FCC cost a great deal of money and resulted both in the unwinding of the transaction and a shareholder suit against the company. If the shareholder chose to sue Tommy in particular for his actions, a court may find Tommy guilty of: