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Question
If a third party will be affected by a contract, the parties to the contract are in privity with the third party.Answer
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B.money to be paid for services not rendered.
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For action to be taken during a shareholders' meeting, a quorum must be present.
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A board of directors can delegate some functions to corporate officers.
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A director usually serves on a corporation's board for a life term.
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An individual director does not act as an agent to bind the corporation.
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Frothy Beverage Corporation is a public company whose shares are traded in the public securities markets. Under the Securities Act of 1933, Frothy is required to
A.contribute to the operations of national stock exchanges.
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"Forward-looking" financial forecasts are prohibited under SEC Rule 10b-5.
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An employer with fewer than fifteen employees is automatically shielded from federal employment discrimination laws.