Fact Pattern -H)-1 A Ruben is a sharehokter of Speed Bikes Company (SBC). When t
ID: 382782 • Letter: F
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Fact Pattern -H)-1 A Ruben is a sharehokter of Speed Bikes Company (SBC). When the directors fail to undertake an redresswrong suffered by SBC. Ruben files instit on the firm's behalf 44. Refer to Fact Pattern 40-A. Ruben's suit is a sharcholders a derivative suit. b indemnification suit c. preemptive suit d. proxy sauit 45. Refer to Fact Pattern 40-1A. Any damages recovered by Ruben's suit will normally go to Ruben the state in which SBC is incorporated a. b. c. SBC d. SBC's directors To quality as a professional corporation, Medical Clinic, P.C a. must be a corporation formed by professionals b. must have at least thirty-five sharcholders. c must grant all sharcholders voting rights 46. d. all of the choices 47 Buster r conveys one square block in Center City "to Diana for life, then to Center City." For Diana, thin creates a. a life estate b. a fee simple absolute. C. an easement d. a leasehold estate 48. Cow Country Corporation (CCC) sells half of its land to the Double R Ranch. On the land is a reservoir. In the deed, CCC retains the right to remove a limited amount of water per day from the reservoir. This right is a. a profit. b. an easement c. a license d. a leasehold estate. 49. The abbreviation "P.A." in the name "Painless Dental, P.A." means that this organization is a. b. c. d. a public association a publicly administered corporation. a professional association a private association 50. Skyla and Terry want to form and do business as Unique Boutique Corporation. Most statutes governingt formation and use of corporations are guided by a. the federal Administrative Procedure Act. b the Entrepreneur's Corporate Handbook. c. d. city or county corporate codes. the Revised Model Business Corporation Act. 4Explanation / Answer
44.
a. Derivative's suit
45.
c. SBC
46.
a. Must be a corporation formed by professionals
47.
A. a life state
48.
a. A profit
49.
c. A professional Association
50.
d. The revised model Business Corporation act.
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