A de jure corporation has made
A) good faith efforts to maintain legal corporate status.
B) all necessary steps to maintain legal corporate status.
C) none of the necessary steps to maintain legal corporate status.
D) all necessary steps to create a limited liability company.
Correct Answer:
Verified
Q7: The theory of respondeat superior generally
A) describes
Q8: A corporation's legal status
A) ends on the
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
Q13: Limited partners must have
A) less than 50
Q14: Inherent authority allows the agent to exceed
Q15: An agency occurs when one person
A) has
Q16: A business that ends automatically with a
Q17: Sole proprietorships can be
A) sold.
B) inherited.
C) granted
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