Multiple Choice
Which of the following statements is TRUE?
A) when a partner dies, the partnership continues to exist and is not dissolved
B) when a shareholder dies, the corporation continues to exist and is not dissolved
C) when a shareholder dies, the corporation is dissolved
D) when a shareholder dies, their shares are must be transferred to other existing shareholders
E) shareholders owe each other a fiduciary duty
Correct Answer:
Verified
Correct Answer:
Verified
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