Examlex

Solved

Identify the Letter of the Choice That Best Matches the Phrase

question 37

Multiple Choice

Identify the letter of the choice that best matches the phrase or definition.
-The Access 2016 view that shows the number of pages that will be printed.


Definitions:

Defective Incorporation

A situation where a company has not completed its incorporation process correctly resulting in potential legal and financial liabilities for its purported directors and shareholders.

Promoter

An individual or entity that initiates the formation of a company or organization and helps it to set up by raising the required funds or fulfilling the legal requirements.

Fiduciary Duty

A duty under the law for one individual to prioritize the well-being of another when given responsibility over finances or assets.

Classifications of Corporations

The categorization of corporations based on certain criteria, such as purpose, ownership, and operational scope, including public, private, and non-profit corporations.

Related Questions