BUS 250 CHAPTER 33 QUESTIONS WITH VERIFIED
ANSWERS
Correct 27
Incorrect 00
1 of 27
Term
Isabel, Wesley, Gina, and Lucas worked together intensively to form
and become the only shareholders of a corporation that is
environmentally conscious. Is there anything they can do to avoid
having shares of stock in their company sold to someone who does
not share their vision for the environment?
Give this one a try later!
Yes there are several advantages of
yes
incorporating in Delaware.
Yes, if Xavier owns common stock nevada
Don't know?
, 2 of 27
Term
In regards to corporate stock, what element is not required to be in the
corporate charter
Give this one a try later!
The name and address of the
The name of the corporation.
registered agent.
The rights to dividends despite
The number of shares authorized.
insolvency.
Don't know?
3 of 27
Term
Wayne the banker loans money to Phyllis, who claims that she is the
purchasing agent for Retail Furniture, Inc. The loan is due in three
months. After 91 days, Wayne does not hear from Phyllis or anyone else
from "Retail." It turns out that Retail's incorporation process has not
proceeded as planned. If Wayne seeks to sue Phyllis, what is her best
defense?
Give this one a try later!
, A store or office or other place of
Retail is a de facto corporation.
business.
A corporation must register in every Wanda must file appropriate forms
state in which it is doing business. with the Secretary of State
Don't know?
4 of 27
Term
Mackey and others own stock in Mackey-Land, Ltd. Dorothy was
injured while eating a hotdog at Mackey-Land. Can she win a suit
against Mackey and other stockholders?
Give this one a try later!
d. No, unless the stockholders Yes, because the corporation is a
have committed fraud legal entity separate from its owners.
No, because Dorothy was a Yes, because the stockholders are
trespasser on the property. liable for all corporate debts.
Don't know?
5 of 27
ANSWERS
Correct 27
Incorrect 00
1 of 27
Term
Isabel, Wesley, Gina, and Lucas worked together intensively to form
and become the only shareholders of a corporation that is
environmentally conscious. Is there anything they can do to avoid
having shares of stock in their company sold to someone who does
not share their vision for the environment?
Give this one a try later!
Yes there are several advantages of
yes
incorporating in Delaware.
Yes, if Xavier owns common stock nevada
Don't know?
, 2 of 27
Term
In regards to corporate stock, what element is not required to be in the
corporate charter
Give this one a try later!
The name and address of the
The name of the corporation.
registered agent.
The rights to dividends despite
The number of shares authorized.
insolvency.
Don't know?
3 of 27
Term
Wayne the banker loans money to Phyllis, who claims that she is the
purchasing agent for Retail Furniture, Inc. The loan is due in three
months. After 91 days, Wayne does not hear from Phyllis or anyone else
from "Retail." It turns out that Retail's incorporation process has not
proceeded as planned. If Wayne seeks to sue Phyllis, what is her best
defense?
Give this one a try later!
, A store or office or other place of
Retail is a de facto corporation.
business.
A corporation must register in every Wanda must file appropriate forms
state in which it is doing business. with the Secretary of State
Don't know?
4 of 27
Term
Mackey and others own stock in Mackey-Land, Ltd. Dorothy was
injured while eating a hotdog at Mackey-Land. Can she win a suit
against Mackey and other stockholders?
Give this one a try later!
d. No, unless the stockholders Yes, because the corporation is a
have committed fraud legal entity separate from its owners.
No, because Dorothy was a Yes, because the stockholders are
trespasser on the property. liable for all corporate debts.
Don't know?
5 of 27
