Which of the Following Is NOT an Option for a Company

question 50

Multiple Choice

Which of the following is NOT an option for a company in financial difficulty?

• A)Liquidation.
• B)Bankruptcy.
• C)The appointment of a receiver.
• D)The appointment of a liquidator.

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Definitions:

Commerce Clause

A provision in the U.S. Constitution that grants Congress the power to regulate trade between states, with foreign nations, and among Indian tribes.

Wickard V. Filburn

A landmark Supreme Court case in 1942 that greatly expanded the power of the federal government to regulate economic activity under the Commerce Clause.

U.S. Constitution

The supreme law of the United States that establishes the national framework of government and the fundamental rights of citizens.

Involuntary Dissolution

The compulsory termination of a corporation's existence or the discontinuation of its operations by legal authority, often due to failure to comply with certain laws or obligations.