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Exam (elaborations)

LS 311 Unit 10 Exam- Kaplan

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Question 1 4 / 4 points Forming a limited liability company requires filing articles of organization in a state office. True Question 2 4 / 4 points Like the bylaws of other corporations, the bylaws of Retail Sales, Inc. were adopted at its first organizational meeting. Question 3 4 / 4 points When a majority shareholder breaches her or his fiduciary duty to a minority shareholder, the minority shareholder can sue for damages. True Question 4 4 / 4 points What type of ownership do shareholders have in a corporation? An equitable ownership

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