Which of the Following Is Included in the Articles of Incorporation

question 40

Multiple Choice

Which of the following is included in the Articles of Incorporation?

• A) if there are two or more classes of shares, the rights and restrictions attached to each
• B) any restriction the business that may be carried on
• C) name of the corporation
• D) any restrictions on the transfer of shares
• E) all of the above

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Definitions:

Statute of Frauds

A legal principle requiring certain contracts to be written and signed by the parties involved to be enforceable.

Employment Contract

A formal agreement between an employer and an employee that outlines the terms and conditions of employment.

Parol Evidence Rule

A legal principle that prevents parties to a written contract from presenting extrinsic evidence of terms of the agreement that contradict, modify, or vary contractual terms agreed upon in the written document.

Partially Written

Describes a document or agreement that is composed of both handwritten and typed or printed elements.