Big Corporation (BC) was dominated by its president,Mr.Vincent.He used his dominance for an improper purpose-defrauding lenders to the corporation.As a result,a court can:
A) impose criminal penalties on him.
B) make him personally liable on the debts to those lenders.
C) terminate the corporate charter of BC.
D) compel him to resign.
Correct Answer:
Verified
Q38: Which of the following is true about
Q39: The corporate form of business has facilitated
Q40: The Model Business Corporation Act (MBCA)was prepared
Q41: A state law regulating the activities of
Q42: A state may impose its laws on
Q44: Most of the states have passed _
Q45: Which of the following activities is classified
Q46: According to the Supreme Court of the
Q47: Under the _ Clause,the power to regulate
Q48: Outland Corporation is incorporated in Wyoming,where it
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