Which of the Following Statements About Corporate Dissolution Is Incorrect

question 52

Multiple Choice

Which of the following statements about corporate dissolution is incorrect?

• A) A creditor cannot force a corporation into dissolution.
• B) A corporation will be dissolved if all shareholders vote to do so.
• C) A Secretary of State may start an administrative proceeding to dissolve a corporation for failure to pay taxes.
• D) A shareholder may petition a court to dissolve a "deadlocked" corporation.

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Definitions:

Strong Relationship

A deep, positive connection between two parties, characterized by trust, respect, and mutual benefit.

First Order

The initial purchase made by a customer from a business, often seen as a critical step in establishing a customer relationship.

Account Penetration

A measure of the depth of sales or services provided to a specific customer, often aimed at increasing the share of the customer's purchasing.

Maximizing Sales

The process of increasing the amount or value of products or services sold, often by employing strategies and techniques to attract more customers or by enhancing the effectiveness of sales efforts.