Junior is a director of MA Manfr. Co. Which of the following is not an automatic right of Junior as a director? Participation Inspection of books Compensation None of the above

James and Dolly are directors of Madison Properties, Inc. Voting by James and Dolly at corporate directors’ meetings: must be done in person does not require that a quorum of directors be present may be done by proxy in all states may be cumulative

William is a director of Harrison Lumber, Inc. Under the standard of due care owed by directors of a corporation, William must: attend meetings and use perfect judgment attend meetings and inspect corporate records carry out his responsibilities in an informed, businesslike manner not mismanage the corporation

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: A CPA or a lawyer A financial expert The average director The ordinarily prudent person

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: Neglect Nonfeasance Misfeasance Abuse

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