Multiple Choice
In the case in the text,Tedeton v.Tedeton,which of the following was determined to be proper consideration for shares?
A) A promise one was already obligated to pay.
B) A promise in the future to pay the corporation money for shares.
C) Past performance
D) Incorporeal (intangible) property and services rendered
Correct Answer:

Verified
Correct Answer:
Verified
Q80: When a nonprofit corporation gives its members
Q81: A preincorporation share subscription is:<br>A)a contract binding
Q82: An organizer is the individual that incorporates
Q83: The board of directors of Laylow Corporation
Q84: Which of the following corporation names would
Q85: What article of the Uniform Commercial Code
Q86: Under the Model Business Corporation Act (MBCA),a
Q87: A(n)_ occurs when parties,by mutual agreement,discharge a
Q89: Pedro is a corporate promoter for Nolo
Q90: Rice is a promoter of a corporation