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    Business Law Study Set 4
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    Exam 42: Organization and Financial Structure of Corporations
  5. Question
    A Passive Investor Who Believes She Has Invested in a Corporation
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A Passive Investor Who Believes She Has Invested in a Corporation

Question 44

Question 44

True/False

A passive investor who believes she has invested in a corporation has no liability for the obligations of the business if the corporation has not in fact been formed.

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