Multiple Choice
Which of the following is true of a corporation?
A) It is an artificial being, existing only in contemplation of law.
B) Directors of a corporation as a group do not represent the corporation as agents.
C) Stockholders perform all the administrative functions of the corporation.
D) Stockholders directly control the day to day activities of a corporation.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: When a corporation is dissolved:<br>A) it can
Q2: Explain any three rights of stockholders.
Q3: The directors of a corporation as a
Q4: As fiduciaries of the corporation, directors incur
Q4: Each stockholder has two votes for each
Q7: A merger occurs when two corporations combine
Q8: Which of the following best describes a
Q9: Stockholders cannot carry out a motion to
Q10: A corporation may terminate its existence before
Q11: A _ of two corporations occurs when