Normal
I remember though that he mentioned in the fact pattern that out of his two friends , only one would be working part time on the venture and the other would be still working in his old job elsewhere. Hence the chairman suggestion.However I didn’t explain quorum and that there would likely be a deadlock if that friend was still working elsewhere. Or if only one of the friends was able to attend a directors meeting.I don't think i was necessarily wrong in suggesting a solution at giving him more power as chairman. It’s just that the explanation was a bit light because my mind was racing so quickly.
I remember though that he mentioned in the fact pattern that out of his two friends , only one would be working part time on the venture and the other would be still working in his old job elsewhere. Hence the chairman suggestion.
However I didn’t explain quorum and that there would likely be a deadlock if that friend was still working elsewhere. Or if only one of the friends was able to attend a directors meeting.
I don't think i was necessarily wrong in suggesting a solution at giving him more power as chairman. It’s just that the explanation was a bit light because my mind was racing so quickly.