Iris Works as a Trial Consultant

question 9

Multiple Choice

Iris works as a trial consultant. The majority of cases she is likely to be hired for are:

• A) criminal trials.
• B) civil trials.
• C) capital trials.
• D) cases involving the government.

Understanding the various ways shareholders can receive profits from corporations and the role of directors in dividend declarations.

Recognizing the differences between nonprofit and for-profit corporations, closely held corporations, and public corporations, including their formation and characteristics.

Identifying the tax classifications of corporations, specifically S corporations, and their qualifications.

Comprehending the responsibilities and rights of corporate directors and officers.

---

Definitions:

Bearer Instruments

Financial documents that accord ownership or payment to the person physically holding the document.

Payable

Refers to an amount of money that is owed by a person or company and is required to be paid to another party.

Bearing Them

Taking responsibility for or dealing with something, often implying a burden or hardship that must be endured.

Transferable

Characteristic of an item, right, or obligation, that allows it to be passed from one party to another, often involving legal documentation.