Carly Files a Complaint Against Delivery Corporation, Charging That She

question 48

Multiple Choice

Carly files a complaint against Delivery Corporation, charging that she has not been paid and wants to recover the unpaid amount, plus interest. The complaint and a summons will most likely be served on

• A)the secretary of state in the state where the firm incorporated.
• B)the corporation's registered agent.
• C)the sheriff of the county in which the firm's headquarters is located.
• D)anyone who is at least eighteen years old and is not a party to the suit.

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Definitions:

504 Loan Program

A Small Business Administration program that provides long-term, fixed-rate financing to small businesses for major fixed assets, such as land and buildings.

Certified Development Company

A nonprofit organization sponsored either by private interests or by state or local governments.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the upcoming fiscal year, such as buildings, machinery, and vehicles.

Equity Funds

Investment funds that primarily invest in stocks, aiming to provide returns through capital gains or dividends.