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50.
(p. 846)
Owners of which of the following types of stock enjoy preferences with respect to assets
and dividends?
51.
(p. 846)
Owners of which of the following types of stock own a portion of a corporation but do not
enjoy any preferences?
52.
(p. 835; 837)
Which of the following is true regarding the concerns of Jack and Bobby regarding
double taxation and Mona's suggestion regarding an S corporation?
53.
(p. 837)
What type of tax treatment would an S corporation provide in regard to losses?
54.
(p. 837)
Based on the information available, is there an impediment to the business qualifying as
an S Corporation?
55.
(p. 836)
Which of the following is a term used to identify Martha, Greg, and Prudence in their
arranging for necessary capital and financing for the corporation?
56.
(p. 837)
Which of the following identifies the contracts Martha, Greg, and Prudence made with
their friends to buy stock?
57.
(p. 837)
Which of the following describes the friends who agreed to buy stock?
58.
(p. 837)
Which of the following is the most likely result if Belinda sues Martha, Greg, and
Prudence for unpaid amounts without a novation in place?
59.
(p. 838)
What were Martha, Greg, and Prudence seeking by requesting a novation in regards to
the lawsuit threatened by Belinda?
60.
(p. 841-842)
Which of the following would a court likely rule regarding the status of ABC
Corporation as a corporation?
61.
(p. 842)
Which of the following is the likely result of Helen's attempt to hold the shareholders
primarily liable for her debt?
62.
(p. 843-844)
Assuming ABC's corporate status is in place, which of the following is Bernice's
best theory, if any, in order to hold Slick personally liable to her?
63.
(p. 832)
Discuss the rights of corporations, if any, to due process. Also discuss whether
corporations have protection with regard to the Fourth Amendment, and in what manner.
64.
(p. 835-836)
List the six express corporate powers set forth in the text.
65.
(p. 835-836)
List the two implied corporate powers set forth in the text.
66.
(p. 839)
In what two ways do courts interpret subscription agreements?
67.
(p. 843-844)
Set forth the situations under which a court is likely to pierce the corporate veil.
