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  3. Study Set
    Law for Business Study Set 7
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    Exam 36: Management and Dissolution of a Corpora
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    When a Corporation Is Dissolved
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When a Corporation Is Dissolved

Question 1

Question 1

Multiple Choice

When a corporation is dissolved:


A) it can issue capital stock to existing shareholders.
B) it can continue to sue third-parties and other organizations.
C) it can form contracts for the purpose of converting assets into cash.
D) it can transfer property to other corporations.

Correct Answer:

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