On a Resolution to Dissolve,a Corporation

question 17

Multiple Choice

On a resolution to dissolve,a corporation

• A) may continue to do business for 180 days.
• B) must cease all new business immediately.
• C) must cease all business of any nature immediately.
• D) may continue to do regular business activity until all creditors are paid.

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Definitions:

Equal Liberty

The principle that all individuals should have the same freedom and rights under the law.

Social Advantages

Benefits or privileges that certain individuals or groups have due to their status, position, or wealth in society, which can lead to inequality.

Economic Advantages

Benefits that contribute to a stronger financial position, such as increased income, market dominance, or efficient resource utilization.

Considerable Emphasis

Significant importance or stress placed on a particular aspect or detail.