On preincorporation share subscriptions:
A) promoters have no liability.
B) promoters have no liability after incorporation.
C) promoters have personal liability till novation.
D) promoters have maximum liability.
Correct Answer:
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Q34: The basic governing document of the corporation
Q35: According to the MBCA,which of the following
Q36: Generally,corporate acceptance of preincorporation subscriptions occurs by
Q37: Sharon entered into a preincorporation share subscription
Q38: A(n)_ occurs when a corporation accepts a
Q40: Under the Model Business Corporation Act (MBCA),a
Q41: _ are long-term,unsecured debt securities.
A)Options
B)Warrants
C)Bonds
D)Debentures
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Q44: Shares permitted to be issued by a
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