If a Parent Company Has Two Wholly Owned Subsidiaries, How

question 173

Short Answer

If a parent company has two wholly owned subsidiaries, how many legal and economic entities are there from the viewpoint of the shareholders of the parent company? $\begin{array}{lll}&\text { Legal } & \text { Economic } \\\text { a. } & 3 & 3 \\\text { b. } & 1 & 2 \\\text { c. } & 3 & 1 \\\text { d. } & 2 & 1\end{array}$

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Definitions:

Defamatory Statements

False statements made about a person or entity that can harm their reputation.

Slanderous Act

The action of making false and damaging statements about someone, typically orally, that harm their reputation.

Inferior Quality

Refers to products or materials that do not meet the expected or standard level of performance, durability, or appearance.

Intentional Tort

A wrongful act done deliberately with the intention of causing harm or damage, leading to civil legal liability.