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:

Dyslexia

A learning disorder characterized by difficulty with reading, spelling, and writing, unrelated to the individual's intelligence level.

Remediation

The process of providing extra instruction or assistance to learners who are struggling in order to help them reach expected competence levels.

Dyslexia

A disorder related to learning that involves challenges in accurately recognizing words, reading fluently, and difficulties with spelling and deciphering words.

Dyslexia

A learning disorder characterized by difficulties with accurate and/or fluent word recognition and by poor spelling and decoding abilities.