The Longer Officers Are in Their Profession, the More Hostile

question 54

True/False

The longer officers are in their profession, the more hostile they become.

---

Definitions:

Internal Affairs

A legal doctrine which says that a corporation's internal activities should generally be governed by the laws of the state in which it is incorporated.

Limited Partners

Investors in a partnership who have limited liability to the extent of their investment but do not participate in management.

General Partners

Individuals in a partnership who are responsible for the management of the partnership, share the profits, and are personally liable for the partnership's debts.

Limited Partnership

A form of partnership consisting of at least one general partner who manages the business and is personally liable for debts, and one or more limited partners who contribute capital and share profits but have limited liabilities.