71 The shares of Capital Cor porstion are publicly traded in securities markets.
ID: 382770 • Letter: 7
Question
71 The shares of Capital Cor porstion are publicly traded in securities markets. Capital Corporation is a. a public corporation b. a publicly held corporation a privately held corporation a private corporation c. d. 72. Mineral Products Corporation, whic h owns no land, has a right to mine the copper from Natural Resource Company's land. Mineral's right is a. an easement b. a leasehold estate c. a license d. a profit 73. Felicity and Gideon want to form and do business as Home Healthcare Corporatio a. an artificial person b. a tangible thing c. a visible radiance d. a natural being 74. Thor Power Products Corporation permits the election of its directors by cunulative voting a. allows minority shareholders to be rcpresented on the board b. insures against persons who may "cloud" the corporate direction assures directors that they will be selected by their peers. c. d. guarantees Thors executive officers of the final choice. 75. Orin owns Pilot's Landing Office Park. His ownership rights include the right to sell or give away the property without restriction, as well as the right to commit waste, if she choosesOrin a. a leasehold estate b. the power of eminent domain c. a life estate. d. a fee simple absolute. 76. Patsy possesses twenty-four acres of remote, rugged land. Patsy has the right to use the property, including extracting silver from an existing mine, for life. Patsy also has the right to lease the land for a period exceed her life. This ownership interest is a. a leasehold estate the power of eminent domain. c. a fee simple absolute. d. a life estate. b. Rocco is a director of Spa Lids & Tubs, Inc. Under the standard of due care owed by directors of a corporation, Rocco's decisions must be a. perfect and unassailable. 77. b. c. d. informed and reasonable. unwavering and unquestionable. arguable and defensible.Explanation / Answer
71-B AS OWNERSHIP IS DIVIDED INTO SMALL UNITS IN FORM OF SHARES HEKD BY PUBLIC AT LARGE IE. NO SINGLE OWNER OF THE COMPANY.
72-C AS RIGHT TO OEN MINERALS ARE NOT SHARED BUT RIGHT TO EXCAVATE MINERALS IS THEIR .IE YOU HAVE GOT PERMISSION TO USE THE LAND FOR MINING BUT HAS NO OWNERSHIP RIGHTS.
73-A AS THERE IS NO PHYSICAL PERSON EXIT BUT THERE IS AN PERSON EMERGES OUT OF LAW .IE AN ARTIFICAL PERSON CREATED BY LAW NOT IN PERSON FORM.
74- A AS ALL SHAREHOLDERS CUMULATIVES VOTES IT RESULTS WILL BE TAKEN AS TAKEN BY MAJORITY , FOR THE BENEFITS OF MAJORITY.
75- D AS THERE WILL BE NO INTERFERENCE OF ANY ONE IN THE DECISION MAKING PROCESS ABOUT THE LAND.
76-D AS ITS BOUND LIMITS ALL CONTRACT CEASES AFTER DEATH OF PALSY. SO NO SUCCESSORS ARE BIND BY HIS DECISION MAKING AFTER HIS DEATH.
77 -B IE ALL DECISION MAKING SHOULD BE DONE FOR THE BENEFIT OF COMPANY, SOCIETY AND SALLL STAKE HOLDERS AT LARGE.
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