Reference no: EM13968941
Acts of a corporation that goes beyond the powers granted to it by the state or in its charter are _____________acts.
a. Criminal
b. Ultra vires
c. Preemptive
d. Peremptory
What happens when a court pierces the corporate veil?
a. Shareholders become personally liable for the debts of the corporation.
b. The court revokes the corporate charter.
c. The promoter becomes liable for the debts of the newly formed corporation
d. The court requires that the corporation be more substantially capitalized.
Which of the following are not grounds for a state cancelling a corporation’s charter?
a. The corporation has not made a profit in 3 years.
b. The corporation did not pay its franchise tax
c. The corporation failed to maintain a registered agent in the state.
d. The corporation has not performed any corporate functions for a long time.
The merger of a corporation with one of its suppliers is a _____________merger.
a. Conglomerate
b. Market extension
c. Horizontal
d. Vertical
Under the securities act-term integration is best described
: Which of the following would most accurately represent activity that blue sky laws are designed to protect against? A corporation’s registration statement should include information addressing all of the following, except: Under the Securities Act of..
|
The term banking day is best defined
: A draft may require the payor of the draft to do all of the following, except: The term “banking day” is best defined as:
|
Case illustrates the effect of on buying behavior
: A salesperson driving to visit a client located two hours away has a tire blow out on the highway. He walks about a mile to the next exit where he finds a service station. The owner of the station says he can replace the blown tire, but it will cost ..
|
Directors must be compensated for their services
: An LLC must have at least two members that participate in management in order to lawfully do business. A limited partner risks personal liability when he or she actively participates in the management of partnership affairs. Stock that is issued and ..
|
What happens when a court pierces the corporate veil
: Acts of a corporation that goes beyond the powers granted to it by the state or in its charter are _____________acts. What happens when a court pierces the corporate veil? Which of the following are not grounds for a state cancelling a corporation’s ..
|
Putting knowledge to work on large scale-with excellence
: The mission of the University of Illinois is as follows: The University of Illinois will transform lives and serve society by educating, creating knowledge and putting knowledge to work on a large scale and with excellence. How helpful to employees i..
|
Compare two types of goal structures
: Compare two types of goal structures: The SMART goal written about in the textbook and the Four part (I. Summary, II Sigma A; III MO; IV Measures of Success) goal covered in class and in a handout. In what ways are they alike and what ways are they d..
|
Most secured transactions require the debtor
: An unsecured creditor has an interest in one or more items of the debtor’s personal property. Most secured transactions require the debtor to have possession of the secured collateral. Possession is an optional method of perfection of a security inte..
|
What is primary economic need being satisfied type of paint
: At Home Depot, a customer can purchase a gallon of one-coat paint that contains the ingredients for both a primer and a color. What is the primary economic need being satisfied by this type of paint?
|