The board of directors is not liable for illegal company actions as long as they meet regularly.
Correct Answer:
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Q2: There are no limits on the owner's
Q3: Partners must contribute capital or assets to
Q8: The desire for continuity of a business
Q9: Limited liability means that the personal wealth
Q11: An ownership interest automatically confers a right
Q13: If dividends are paid to the owners
Q15: A limited partnership must have at least
Q16: Agency power is the ability of any
Q17: The death of an owner terminates the
Q20: The sole proprietorship is a business owned
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