I have everything else figured out, but I am just trying to see if these last ones are good to go.
12 . Robert owns shares in Products Inc. and suspects that Zach, one of the directors of the company has been stealing corporate assets. Robert complains to the corporation, but no action is taken. Robert should file a
I know that it is a derivative suit that he has to file (being that he tried to bring it to the attention of the board of directions, all to no avail.) However, I am unsure which of these it would be.
A. Derivative suit against Products Inc. on his own behalf. ( I am leaning towards this one.)
B. Derivative suit against Zach on behalf of Products Inc. (Being that he is a shareholder, he does have a right to file suits. However, I am still pretty sure he has to act on his own accord.)
13 . Sidney and Nikki are law partners in a general partnership. Nikki decides to take a position at a law firm. Nikki notifies Sidney that she's leaving the partnership. This set of facts constitutes a dissociation and dissolution by
A. judicial decree
B. operation of law
D. act of a partner (My guess)
8 . Under the RUPA, a partnership
A. has continuity of existence.
B. has no liability for the obligations made by its partners.
C. is considered an entity in all situations.
D. is no longer viewed as an aggregate in relation to liability. (Gut is leaning towards this one)
20 . A _______ refers to the actual document that's used to request the right to vote the other shareholders' votes.
A. cumulative voting agreement
B. proxy solicitation (I know that a proxy involves the requesting of another individuals vote. However, that's not an option, but proxy solicitation...well, it isn't that.)
C. pooling agreement
D. voting trust agreement