A preincorporation subscription to stock is generally treated as an agreement to buy the stock when the corporation is formed.
Correct Answer:
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Q1: In close corporations, restrictions on the transfer
Q3: Outstanding shares of stock have been issued
Q4: Restrictions on the transfer of stock are
Q5: An interest in a corporation is based
Q6: A provision giving a corporation the right
Q7: Capital stock refers to the value received
Q8: To correctly transfer shares of stock, a
Q9: A shareholder may make an absolute transfer
Q10: All shares must have a par value
Q11: No writing is required for a contract
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