The Dissolution of a Corporation

question 15

Multiple Choice

The dissolution of a corporation:

• A)Can never be voluntary on the part of stockholders.
• B)May be sought by the state for failure to pay specified taxes for a given number of years
• C)Allows it to make contracts to carry on business for six months.
• D)May require the stockholders to pay debts the corporation's assets cannot cover.

---

Definitions:

Republicanism

A political ideology centered on citizenship in a state organized as a republic under which the people hold popular sovereignty.

Liberalism

A philosophical ideology that emphasizes freedom, the approval of its citizens, and equal treatment under the law.

Social Inequality

A condition where societal resources are distributed unevenly, typically through norms of allocation that engender specific patterns along lines of socially defined categories of persons.

Country Party

A historical political group in Great Britain, advocating for the rights and interests of rural landowners and opposing the court party or government.