Ace Corporation requires a quorum of five directors. If Richard, a director, shows up at the meeting for a vote on his favorite topic (dividends) and withdraws thereafter, leaving only four directors, they, under the Revised Act, may not act on any further business.

Question

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According to the scenario, a quorum of five directors is required for the meeting. If Richard withdraws, leaving only four directors, the remaining directors cannot act on any further business as they do not have a quorum.

Ace Corporation Requires a Quorum of Five Directors