In order to purchase office supplies for his law firm, Harvey Specter executes a draft in favor of Sammy Supplier. A draft is:

Shareholders may remove any director or the entire board of directors in a meeting called for that purpose by majority vote:

This is the term used to describe the situation where a corporation has been formed by the incorporators having complied with all applicable statutory requirements

Which of the following is not one of the attributes of a corporation?

A violation of the Economic Espionage Act occurs when there is a trade secret and (1) an employee wrongfully uses or discloses it or (2) a competitor wrongfully obtains it.

Owners of shares of equity securities have the right to participate in control of the corporation, the right to participate in the earnings of the corporation and the right to participate in the residual assets of the corporation upon dissolution. 

Assume that 12,000 shares are represented at a shareholder meeting and a quorum exists. How many votes are normally necessary to carry a motion?

A publicly held corporation is

When a shareholder sells the stock of the corporation, the ownership of the corporation changes, and a new corporation is formed.

The board of directors generally manages the day-to-day affairs of the company.