What Is the Maximum Number of Unrelated Shareholders a C

question 66

Multiple Choice

What is the maximum number of unrelated shareholders a C corporation can have, the maximum number of unrelated shareholders an S corporation can have, and the maximum number of partners a partnership may have, respectively?

• A)100; no limit; no limit
• B)no limit; 100; 2
• C)no limit; 100; no limit
• D)100; 100; no limit

Understand the fundamental principles of negotiable instruments.

Differentiate between the roles and obligations of parties involved in negotiable instruments.

Recognize the requirements for an instrument to be negotiable under the UCC.

Identify the characteristics and types of negotiable instruments.

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Definitions:

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