Corporations Are Formed in Accordance With

question 152

Multiple Choice

Corporations are formed in accordance with:

• A) The Model Business Corporation Act.
• B) Federal statutes.
• C) The laws of individual states.
• D) Federal trade commission regulations.

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Definitions:

Fourteenth Amendment

An amendment to the U.S. Constitution, ratified in 1868, that grants citizenship to all persons born or naturalized in the United States, including former slaves, and provides all citizens with equal protection under the laws.

U.S. Constitution

The supreme law of the United States, establishing the framework of the national government and the rights of the citizens.

Bill Of Rights

First ten amendments to the U.S. Constitution, adopted in 1791 to guarantee individual rights against infringement by the federal government.

Black Codes

Laws passed from 1865 to 1866 in southern states to restrict the rights of former slaves; to nullify the codes, Congress passed the Civil Rights Act of 1866 and the Fourteenth Amendment.