Multiple Choice
What is the only function of an incorporator of a business?
A) To bring a corporation into existence
B) To serve as the corporation's first CEO
C) To issue public offerings of stock
D) To act as attorney in fact on a permanent basis for the business
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Only when the promoter is liable on
Q6: A promoter is not an agent of
Q7: Short-term certificated options that are usually transferable
Q8: A(n)_ grants the corporation or other shareholders
Q9: Corporations are generally liable on preincorporation contracts
Q11: Which of the following would be used
Q12: N-Ext Corp.(NEC)was defectively organized.As a result,even a
Q13: Several states' constitutions place stricter limits than
Q14: The Statutory Close Corporation Supplement to the
Q15: In the case in the text,Coyle v.Schwartz,the