Which of the Following Is a Primary Legal Characteristic of the Corporate

question 49

Multiple Choice

Which of the following is a primary legal characteristic of the corporate form of business?

• A)The management of the business is centered in a Board of Directors elected by the shareholders.
• B)A shareholder must seek permission to sell his stock.
• C)The life of the corporation will terminate when a majority of the shareholders die or cease to exist.
• D)A shareholder is personally liable for the debts of the corporation.

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Definitions:

Internal Iliac Arteries

Internal iliac arteries are major blood vessels that branch off the common iliac arteries and supply blood to the pelvic organs, gluteal region, and perineum.

Visceral Branches

Refers to the branches of a main artery that supply blood to the organs within the body cavities.

Reproductive Organs

Structures in organisms that are involved in the production of offspring, including organs for producing gametes and supporting fertilization and development.

Inferior Vena Cava

A large vein that carries deoxygenated blood from the lower and middle body into the right atrium of the heart.