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An S corporation cannot have more than 100 shareholders.
The Endangered Species Act applies only to private parties.
Only one continuation statement can be filed for a financing statement.
The CAN-SPAM Act does not regulate spam sent to Americans from other countries.
A merger occurs when one corporation enters into a permanent business partnership
with another corporation.
Based on the doctrine of respondeat superior, principals are liable for the negligent
conduct of agents acting within the scope of their employment.
Corporations are not allowed to enter into contracts in their own name.
A decree of divorce is an order of the court declaring that a marriage did not exist.
An insurable interest is created when an insurer has ownership of the item being
insured.
A limited partner may engage in voting on the dissolution of the limited partnership
without losing his or her limited liability.
