Examlex

Solved

As Dan Has Grown Older, He Has Adjusted His Group

question 42

Multiple Choice

As Dan has grown older, he has adjusted his group of friends to include those who he feels he needs for emotional support, and others he needs for instrumental support, like helping him fix things around his house.This is an example of ______.


Definitions:

Corporation by Estoppel

A legal doctrine that prevents a party from denying the corporation's existence if they have dealt with it as if it were a legal corporation.

Subchapter S Corporation

A form of corporation in the United States that is taxed under Subchapter S of the Internal Revenue Code, allowing profits to be taxed at the shareholder level rather than at the corporate level.

Domestic Corporation

A corporation that is incorporated and operates in its country of origin, adhering to the laws and regulations of that country.

One Class of Stock

A corporate structure where all shares offer the same rights, privileges, and limitations to shareholders, without tiered levels of stock.

Related Questions