What Preemptive Power Is Rooted in the Constitution That Allows

question 66

Multiple Choice

What preemptive power is rooted in the Constitution that allows Congress to impose national priorities on states through national legislation?

• A) The necessary and proper clause
• B) The elastic clause
• C) The full faith and credit clause
• D) The supremacy clause
• E) The establishment clause

Interpret the legal protections for shareholders and directors in various scenarios, including liabilities, responsibilities, and the concept of lifting the corporate veil.

Recognize the responsibilities and potential breaches of fiduciary duty by directors and officers within a corporation.

Identify the processes and implications of corporate borrowing, including securities and bondholders' roles.

Understand the significance of and legal framework around pre-incorporation contracts and promoters' liabilities.