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Sunland Corporation issued dividends to its shareholders. Each shareholder was aware that the corporation would be insolvent and unable to pay its creditors following the dividend distribution. Philibus Co. was one such creditor. Under the Model Business Corporation Act (MBCA), primary liability to Philibus Co.: A. lies with the shareholders because they received the distribution from the corporation with knowledge of the impending insolvency. B. does not lie with the shareholders because they can never be held liable to creditors of the corporation. C. lies with the directors because they authorized the unlawful distribution of dividends D. does not lie with the directors because it is their duty to place the interests of the shareholders above everything else. E. None of the above answers is correct.
Should large software development companies like Microsoft, as well as the thousands of small independent software companies, duplicate intuit's unconventional thinking and acceptance of failure as part of the application software development process..
What issues can organizations experience when implementing large database systems and data warehouses? What best practices would you recommend to an organization to mitigate these issues?
Suppose that an investor owns 10% of the stock of firm L, and assume that this investor can lend and borrow at the same interest rate as firm L, that is, at 12% (recall the assumption of perfect markets). Based on the trade-off theory of capital stru..
The Porsche Club of America sponsors driver education events that provide high- performance driving instruction on actual race tracks. Because safety is a primary consideration at such events, many owners elect to install roll bars in their cars. Wha..
Summarize the significance and impact of Occupational Safety & Health Administration OSHA act of 1970 Section 5 to both the employer and employee. Explain how 29 CFR 1926 Subpart C relates to the other construction industry standards.
Some reject fiscal stimulus measures in all policy forms. Explain what the various limitations are to a successful fiscal stimulus. Be sure to consider the damaging activities and decisions of (a) private corporations, (b) commercial banks, and (c) w..
Identify a product that is a commodity and discuss how you might: a) survive as a commodity in an industry characterized by me-too products, overcapacity, and frequent price cuts, and b) add value to the product to prevent it from becoming a commodit..
What effect does a performance appraisal have on increases in wage, benefits,etc? What purpose do they serve under a performance management system?
Discuss some of the legal guidelines in place to protect diversity in the workplace.
Think about the causes of success and failure for particular movements. What causes some to become widely appealing and have major impacts on change? What causes others (regardless of the validity of their concerns) to simply wither away in the dustb..
The inventory management has lots of challenges and it requires proper planning and execution of adopted processes and technologies to manage it in an efficient way - Inventory management in manufacturing organizations.
An individual who works at a bookstore routinely takes home ballpoint pens and Post-it notes, uses the copy machine to make personal copies, and makes long-distance phone calls on the store s line. However, he would never consider stealing money from..
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