Match Each Statement with the Correct Term Below

Match each statement with the correct term below.
-duty of loyalty

A) Directors are elected by a plurality of votes.
B) Authorization to vote another's shares at a shareholder meeting.
C) Permits a domestic business corporation to become a domestic or foreign partnership, LLC, or other entity; permits a domestic of foreign partnership, LLC, or other entity to become a domestic business corporation.
D) Change of a corporation's state of incorporation.
E) Entitles each shareholder to give one candidate as many votes as the number of directors to be elected multiplied by the number of shares owned.
F) Minimum number necessary to be present at a meeting in order to transact business.
G) Brought by shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H) Brought by a shareholder to enforce a claim against the corporation based upon his ownership of shares.
I) Must exercise ordinary care and prudence.
J) Fiduciary obligation of faithfulness; subordination of self-interest.
K) Must act within their respective authority.
L) The combination of assets of two or more corporations into one of the corporations.
M) The combination of two or more corporations into a new corporation.
N) Precludes imposing liability on directors and officers for honest mistakes in judgment if they act in good faith with due care.
O) A general invitation to all the shareholders of a target company to sell their shares at a specified price.

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