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1.
(p. 834)
A corporation must be dissolved if over 50% of the shareholders die.
2.
(p. 835)
Corporations have only those powers that states grant them.
3.
(p. 836)
Corporations have implied powers.
4.
(p. 836)
Closely held corporations generally offer stock for sale to the general public.
5.
(p. 837)
No shareholder of an S corporation may be a nonresident alien.
6.
(p. 840)
A corporation must be incorporated in the state in which it has its principal place of
business.
7.
(p. 840)
Corporations are not required to indicate in the name of the corporation that the business
is incorporated.
8.
(p. 841)
The articles of incorporation determine who has the power to amend the corporate
bylaws after the first organizational meeting.
9.
(p. 841)
Shareholders may not be held personally liable for a defective corporation's actions.
10.
(p. 845)
Convertible bonds allow shareholders to exchange their bonds for shares of company
stock.
11.
(p. 834)
Which of the following is true regarding Chinese Law?
12.
(p. 838-839)
Which of the following was the result on appeal in
King v. American Family
Mutual Insurance Company; American Standard Insurance Company of Wisconsin
, the case in
the text involving whether for an injury occurring outside the state, personal jurisdiction in
Montana could be asserted over the defending insurers who had appointed an agent for service
of process there but had done no business in the state?
13.
(p. 846)
Which of the following is
false
regarding Société Anonymes (SA) and Société à
Responsabilité Limitée (SARL) companies in France?
14.
(p. 847)
Which of the following is
false
regarding the question presented in the Case Opener
regarding Facebook's status as a corporation?
15.
(p. 832)
Which of the following is
false
regarding corporations?
16.
(p. 832-833)
Which of the following was the result on appeal in
Federal Election Comm'n v.
Beaumont
, the case in the text in which the Supreme Court considered whether certain of the
Federal Election Commission's regulations including, for example, regulating corporate political
participation through the use of PAC's, constitute unconstitutional limits on speech?
17.
(p. 834)
Which of the following is a document a corporation files with the state explaining its
organization?
18.
(p. 834)
Which of the following is
false
regarding management of a corporation?
19.
(p. 834)
Through which of the following do corporations distribute their income to shareholders?
20.
(p. 835)
Which of the following is a term for profits kept by a corporation for reinvestment?
21.
(p. 835)
Which of the following references the liability of corporations for torts and crimes
committed by their agents during the scope of their employment?
22.
(p. 835-836)
Which of the following if true regarding powers state incorporation statutes
typically grant to corporations?
23.
(p. 843-844)
Which of the following is
not
a reason that a court would likely pierce the
corporate veil?
24.
(p. 845)
Which of the following is a type of bond that a corporation may call in and repay at
specific times?
25.
(p. 836)
A ______ corporation is a corporation created by the government to help administer law.
26.
(p. 836)
Private persons create ______ corporations for private purposes.
27.
(p. 836)
Which of the following is
false
regarding a nonprofit corporation?
28.
(p. 836)
A corporation is a[n] ______ corporation in the state in which it is incorporated.
29.
(p. 836)
A corporation is a[n] ______ corporation in states in which it conducts business but is not
incorporated.
30.
(p. 836)
A[n] ______ corporation is a business incorporated in another country.
31.
(p. 836)
Which of the following generally does not offer stock to the public?
