A corporation's legal status
A) ends on the date stated in articles of incorporation unless renewed.
B) ends on death of the primary shareholder.
C) has no specific lifespan at its inception.
D) ends on the date established by the secretary of state when the articles are filed.
Correct Answer:
Verified
Q3: On a resolution to dissolve,a corporation
A) may
Q4: A partnership is a business that
A) is
Q5: Limited liability companies are
A) synonymous with limited
Q6: Agency by ratification occurs
A) only in cases
Q7: The theory of respondeat superior generally
A) describes
Q9: On dissolution,a partnership requires
A) partners to share
Q10: Agency can be used in
A) partnerships.
B) corporations.
C)
Q11: Liquidation is the process of
A) reducing assets
Q12: A de jure corporation has made
A) good
Q13: Limited partners must have
A) less than 50
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents