Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Law & Ethics Expert

problem 1: In this type of partnership, individual partners are not personally liable for professional negligence of their partners:

a. General partnership
b. Limited partnership
c. Limited liability partnership
d. All of the above

problem 2: Which of these is false about shareholders of a corporation?

a. They have limited liability that is limited to their investment.
b. They elect a board of directors.
c. They pay tax on their proportionate share of the corporation’s earnings.
d. All of the above are true about shareholders.
 
problem 3: Which of the following generally have the authority to bind a corporation in contractual relations?

a. Shareholders and the board of directors they elect.
b. The board of directors and the managers they appoint.
c. Duly appointed officers, employees, or agents.
d. All of the above.
 
problem 4: In most jurisdictions, including Ontario, these types of corporations may restrict the transfer of shares:

a. Private 
b. Public 
c. Widely-held 
d. Closely-held
 
problem 5: Dividends are:

a. Established in the incorporation certificate and represent capital repayments tax-deductible by the corporation.
b. Declared by management and represent interest owed on shares.
c. Declared by the directors and represent capital repayments not tax-deductible by the corporation.
d. Declared by the directors and represent capital repayments owed on shares.

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M97145

Have any Question? 


Related Questions in Business Law & Ethics

1 tech performance inc completes programming and other tech

1. Tech Performance, Inc., completes programming and other tech services for Uno IT Products Corporation. When Uno's computer system crashes, it loses $500,000 worth of business and pays $100,000 to have the system repro ...

What new civilian technology that is not currently being

What new civilian technology (that is not currently being widely used in law enforcement) do you think might be useful to police in the near future? What community problems would it solve or how would it further operatio ...

In a four to five page paper please discuss one of the

In a four to five page paper, please discuss one of the following topics in relation to the concepts covered in this course: The act of flag burning Protesting Burning of a Cross Ban on Prayer in the School System, Sport ...

You are an official of the union brought in to resolve the

You are an official of the union brought in to resolve the tensions between Bob and the company and the union. Write a memo in Word with suggestions on how you would propose to solve the labor-employment problem. Refer t ...

As terrorists step up the methodology and the atrociousness

As terrorists step up the methodology and the atrociousness of subsequent acts and the government responds with ever-increasing surveillance, intelligence gathering, searches, and directives, many feel that there is an e ...

Question 1 - statute of fraudsplaintiff shipped to

Question 1 - Statute of Frauds Plaintiff shipped to Defendant-Pizza Pride Inc. of Jamestown, North Carolina-an order of mozzarella cheese totaling $11,000. That same day, Plaintiff mailed Defendant an invoice for the ord ...

Assignment landlord-tenant lawhint see chapters 29 and 30

Assignment: Landlord-Tenant Law HINT: See Chapters 29 and 30 of the text to help understand some of the legal issues covered in this assignment. Larry Landlord has recently renovated an apartment and has put it on the ma ...

Assignment - inappropriate behaviormarwan has worked at

Assignment - Inappropriate Behavior Marwan has worked at Studio Five Theme Park as a character actor portraying a swath-buckling pirate. He does not have an employment contract. He loves his job because of his seniority ...

Taxation law amp practice assignment-purposeto extend

Taxation Law & Practice Assignment- Purpose To extend familiarity with locating legal decisions and undertaking research into an aspect of currently debated taxation law and practice. It is important for you to have time ...

Organization of large police departmentswrite a response to

Organization of Large Police Departments Write a response to the following prompt: Identify and explain the three main operational units existing within large police departments and the primary function(s) of each type o ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen