Copr

10 Questions  I  By Badalbert
Please take the quiz to rate it.

Industry Quizzes & Trivia
Test made test

  
Changes are done, please start the quiz.


Questions and Answers

Removing question excerpt is a premium feature

Upgrade and get a lot more done!
1.  In some states, a close corporation can operate without formal share holders or directors' meetings
A.
B.
2.  A corp. is liable for the torts of its officers commited within the course and scope of employment
A.
B.
3.  An officer is a fiduciary of a corp.
A.
B.
4.  Preemptive rights entitle shareholders to bring a derivative suit against the corp.
A.
B.
5.  Only certain funds are legally available for paying dividends
A.
B.
6.  Damages recovered in a shareholders derivative suit are paid to the shareholder who filed the suit
A.
B.
7.  Generally, shareholders are not personaly responsible for the debts of the corp.
A.
B.
8.  Directors, but not officers owe a duty of loyalty to the corp
A.
B.
9.  The business judgment rule makes a director liable for losses to the firm in most cases.
A.
B.
10.  State corp laws are entirely uniform.
A.
B.
Back to top

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz
We have sent an email with your new password.