Various laws and contracts govern the rights and obligations of a shareholder. Which of the following is/are not true?
A) The corporation laws of the jurisdiction in which incorporation takes place govern the rights and obligations of a shareholder.
B) The articles of incorporation or the corporate charter sets out the agreement between the firm and the jurisdiction in which the business incorporates.
C) The board of directors adopts bylaws, which are the rules and regulations governing the internal affairs of the corporation.
D) The U.S.Government grants to the firm the privileges of operating as a corporation for certain stated purposes and of obtaining its capital through the issue of shares of stock.
E) none of the above
Correct Answer:
Verified
Q41: Which of the following is not true?
A)Owners
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Q44: Which of the following is/are not true?
A)Common
Q45: Most publicly traded firms operate as corporations.Which
Q47: Various laws and contracts govern the rights
Q48: Most publicly traded firms operate as corporations.The
Q49: Which of the following is not true?
A)Owners
Q50: Which of the following is/are true regarding
Q51: The term capital can mean
A)cash, only.
B)long-term assets,
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