Explain how articles of incorporations may be amended
What will be an ideal response?
A corporation's articles of incorporation can be amended to contain any provision that could have been lawfully included in the original document. Such an amendment must show that the board of directors adopted a resolution recommending the amendment, and the shareholders voted to approve the amendment. The board of directors of a corporation may approve an amendment to the articles of incorporation without shareholder approval if the amendment does not affect rights attached to shares. After the shareholders approve an amendment, the corporation must file articles of amendment with the secretary of state of the state of incorporation.
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If a shareholder sues a CPA in state court for nonstatutory fraud based on false information contained in a tax return prepared by the CPA, which of the following, if present, would be the CPA's best defense?
A. The shareholder lacks privity to sue. B. The false information is immaterial. C. The CPA did not financially benefit from the alleged fraud. D. The contributory negligence of the client releases the CPA from liability.
Which of the following is true about the CISG?
A) The full title is The United States Convention on Contracts for the International Sale of Goods. B) It does not apply to contracts in which the primary obligation of the party furnishing the goods consists of supplying labor or services. C) The CISG governs the formation of the contract, the rights and obligations of the seller and buyer arising from such contract, and the validity of the contract provisions. D) All of these.