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Two corporations in a state may have the same name.
close corporations
common
buy and sell agreement
may have liability on the contracts he negotiates on behalf of the prospective corporation.
False
false
monopolies and governmental powers.
only when the promoter is liable on the contract.
What is the term for an agreement that makes the shareholder sell his shares back to the corporation at a price determined in the agreement and binds the corporation to purchase the shares?
close corporations
common
buy and sell agreement
may have liability on the contracts he negotiates on behalf of the prospective corporation.
False
false
monopolies and governmental powers.
only when the promoter is liable on the contract.
Nearly all corporations whose veils are pierced are:
close corporations
common
buy and sell agreement
may have liability on the contracts he negotiates on behalf of the prospective corporation.
False
false
monopolies and governmental powers.
only when the promoter is liable on the contract.
Famous British trading companies were the forerunners of the modern corporation and primarily sought corporate status because the government granted them:
close corporations
common
buy and sell agreement
may have liability on the contracts he negotiates on behalf of the prospective corporation.
False
false
monopolies and governmental powers.
only when the promoter is liable on the contract.
Greater contacts are needed to subject a corporation to property taxation in a state than are needed to subject it to state income and sales taxation.
close corporations
common
buy and sell agreement
may have liability on the contracts he negotiates on behalf of the prospective corporation.
False
false
monopolies and governmental powers.
only when the promoter is liable on the contract.
A promoter:
close corporations
common
buy and sell agreement
may have liability on the contracts he negotiates on behalf of the prospective corporation.
False
false
monopolies and governmental powers.
only when the promoter is liable on the contract.
A party who makes a preincorporation contract with a corporate promoter is liable on the preincorporation contract:
close corporations
common
buy and sell agreement
may have liability on the contracts he negotiates on behalf of the prospective corporation.
False
false
monopolies and governmental powers.
only when the promoter is liable on the contract.
The law of piercing the corporate veil is an example of a _____ law protecting the creditors of corporations.
close corporations
common
buy and sell agreement
may have liability on the contracts he negotiates on behalf of the prospective corporation.
False
false
monopolies and governmental powers.
only when the promoter is liable on the contract.
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