Doing intrastate business without filing with the appropriate state office will likely subject a foreign business to a fine.

Outland Corporation is incorporated in Wyoming, where it has its executive office. It has a manufacturing plant in Utah, and a warehouse in New Mexico, where most of its sales are made. Outland is subject to taxation in:

Which of the following is correct about the history of corporations?

Famous British trading companies were the forerunners of the modern corporation and primarily sought corporate status because the government granted them:

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.

An S corporation election requires the consent of _____ of its shareholders.

A state may impose its laws on a foreign corporation if such imposition does not violate the Constitution of the United States, notably the Due Process Clause of the Fourteenth Amendment and the Commerce Clause. The leading case in this area is the _

The law of piercing the corporate veil is an example of a _____ law protecting the creditors of corporations.

Nearly all corporations whose veils are pierced are:

Which class of corporation has members rather than shareholders?

A promoter:

A party who makes a preincorporation contract with a corporate promoter is liable on the preincorporation contract:

Because the articles of incorporation embody the basic contract between a corporation and its shareholders, shareholders must approve most changes in the articles. Which of the following is an example of such changes in the article?

Short-term certificated options that are usually transferable are referred to as:

A ______ exists when the incorporators fail in some material respect to comply with all the mandatory provisions of the incorporation statute yet comply with most mandatory provisions.

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?

Two corporations in a state may have the same name.

Which of the following is not considered a transfer restriction?

A clause in a contract that states that a promoter of a contract will cease to be liable under the contract once a corporation has adopted it, is called:

Any corporation that has complied with all _______ is called a de jure corporation.

Teachers: Create FREE classroom games with your questions Click for more info!
©2007-2024 Review Game Zone | About | Privacy | Contact | Terms | Site Map