A sale of all or substantially all of the corporation’s properties and assets, including its goodwill, must be authorized by the vote of stockholders representing at least a majority of the outstanding capital stock, or at least a majority of the members.Group of answer choicesTrueFalse

A majority of the board of directors or trustees, and the owners of at least a majority of the outstanding capital stock, or at least a majority of the members of a nonstock corporation, at a regular or special meeting duly called for the purpose, may amend or repeal the bylaws or adopt new by laws. Group of answer choicesTrueFalse

Ownership holder in a corporation

A stockholder's ownership of a company's stock gives her the right toA) vote and be the primary claimant of all cash flows.B) vote and be the residual claimant of all cash flows.C) manage and assume responsibility for all liabilities.D) vote and assume responsibility for all liabilities.

Any director or trustee of a corporation may be removed from office by a vote of the stockholders holding or representing at least two-thirds (2/3) of the outstanding capital stock, or in a non-stock corporation, by a vote of at least two-thirds (2/3) of the member entitled to vote.Group of answer choicesTrueFalse

orrowing that allows a company to purchase more assets than its stockholders are able to pay for is