A) Debt
B) Equity
C) Finance
D) Formal
E) Certified
G) B) and D)
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B) False
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A) A corporation did not follow statutory mandates regarding corporate business.
B) Shareholders' personal interests and corporate interests are commingled such that the corporation has no separate identity.
C) Shareholders attempt to commit fraud through a corporation.
D) A corporation has only de facto status.
E) A corporation lacks adequate capital when initially formed.
G) A) and E)
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A) Under the three tiers of corporate power in China, the board of directors is the lowest, the board of supervisors makes up the second, and corporate officers compose the top tier.
B) Under the three tiers of corporate power in China, the board of supervisors is the lowest, the board of directors makes up the second, and corporate officers compose the top tier.
C) Under the three tiers of corporate power in China, corporate officers make up the lowest tier, the board of supervisors makes up the second, and the board of directors composes the top tier.
D) Under the two tiers of corporate power in China, the board of directors is the lowest and corporate officers compose the top tier.
E) Under the two tiers of corporate power in China, the board of supervisors is the lowest and corporate officers compose the top tier.
G) B) and E)
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B) False
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A) Promotion agreements
B) Capital agreements
C) Subscription agreements
D) Novation agreements
E) Acceptor agreements
G) B) and D)
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A) Unsecured
B) Secured
C) Equity
D) Convertible
E) Income
G) B) and D)
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A) SA companies offer shares to the public and must have only one shareholder.
B) SARL companies sell shares exclusively to company members.
C) French law requires that all SA companies appoint an independent auditor to verify the legality of their accounts.
D) French law does not require that SARL companies appoint an auditor.
E) Members of SARL companies are liable only to the extent of their contributions to the company.
G) A) and C)
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B) False
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A) That appointment of an agent for service of process does, standing alone, subject foreign corporations to jurisdiction in Montana for acts performed outside of Montana.
B) That Montana law regarding appointment of an agent for service of process does not, standing alone, subject foreign corporations to jurisdiction in Montana for acts performed outside of Montana, at least when the corporations transact no business in the state.
C) That regardless of whether an agent for service of process had been appointed, as a matter of law, insurers may be sued in any state in the U.S.
D) That regardless of whether an agent for service of process had been appointed, as a matter of law, an insurer may only be sued in its state of incorporation.
E) That regardless of whether an agent for service of process had been appointed, as a matter of law, an insurer may only be sued in the state in which its principal place of business is located.
G) A) and B)
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A) Visiting
B) Foreign
C) Interstate
D) Intrastate
E) Approved
G) B) and E)
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A) Public
B) Private
C) Closely held
D) Domestic
E) Publicly held
G) All of the above
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A) That the business was a de jure corporation.
B) That the business was a de facto corporation.
C) That the business was a corporation by estoppel.
D) That the business was a veiled corporation.
E) That the business was not a corporation at all.
G) C) and E)
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In some states,courts see subscription a...View Answer
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A) Nonprofit corporations provide services to their members.
B) Nonprofit corporations do not have shareholders.
C) A nonprofit corporation may not earn profits.
D) Nonprofit corporations do not issue stock.
E) Churches and charitable organizations are examples of nonprofit corporations.
G) B) and E)
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B) False
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A) The articles of subscription
B) The agreement to promote
C) The agreement to subscribe
D) The agreement to incorporate
E) The articles of incorporation
G) A) and D)
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A) An agreement by which the corporation would be substituted as the debtor instead of Martha, Greg, and Prudence so long as the corporation made a profit in its first year of existence.
B) An agreement by which Martha, Greg, and Prudence would be discharged from the debt so long as the new corporation agreed to do an agreed upon amount of business with Belinda for a certain period.
C) An agreement by which Martha, Greg, Prudence, Belinda, and the corporation would agree that the corporation would be liable to Belinda, and that Martha, Greg, and Prudence would be released.
D) An agreement by which Martha, Greg, Prudence, Belinda, and the corporation would agree that the company would be liable to Belinda for one half the debt and that Martha, Greg, and Prudence would be liable for only one half of the debt.
E) An agreement by which Belinda agreed to delay her claim for one year in order to give the corporation a chance to make a profit.
G) A) and B)
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A) Debt
B) Equity
C) Finance
D) Formal
E) Certified
G) D) and E)
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A) Illegal
B) Defunct
C) Uncertified
D) Defective
E) Expelled
G) B) and E)
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