Domestic-based export agents perform a valuable service for companies seeking to enter foreign markets. The primary function of these agents is to ________
A) carry on exporting activities on behalf of several producers
B) buy the manufacturer's products and then sell them abroad
C) buy foreign products and sell them in the domestic country
D) seek and negotiate foreign purchases for a commission
E) produce and export products to foreign countries
D
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Lars was the director of a corporation that operated as a travel agency. The industry was subject to government regulations and the maintenance of trust funds on behalf of travelers who paid for their tickets
Lars left the operation of the corporation to the officers and never informed himself of the obligations which the corporation had within the travel industry. Consequently, it came as a surprise to him when the corporation's licence to operate as a travel agency was suspended for non-compliance with government regulations. The corporation had to shut down its business, and faced severe penalties from the government for non-compliance. Which of the following is TRUE? A) The shareholders could successfully sue Lars in tort for breaching his duty to exercise the skill of a reasonable person. B) The shareholders could successfully sue Lars for breach of his fiduciary duty to act honestly and in good faith. C) The shareholders' only remedy is to have Lars removed as a director of the corporation. D) The shareholders have no remedy against Lars, only against the officers of the corporation who did not comply with the government regulations E) Both A and B
Medicare is a federal-state effort to supply medical care to the indigent
Indicate whether the statement is true or false