Which of the Following Can End the Existence of a Corporation

question 20

Multiple Choice

Which of the following can end the existence of a corporation?

• A) voluntary termination by shareholder
• B) death of a shareholder
• C) bankruptcy of a shareholder
• D) voluntary termination by the corporation's creditors

Distinguish between contracts that must be in writing and those that can be oral under the Statute of Frauds.

Identify the types of contracts subject to the Statute of Frauds.

Understand the exceptions to the Statute of Frauds that allow for oral contracts to be enforceable.

Recognize the role of the Uniform Commercial Code (UCC) in determining the writing requirements for sales contracts.

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Definitions:

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, measured as systolic and diastolic pressures.

Male

Referring to the sex that produces small, mobile gametes (sperm) in animals and pollen in plants, typically associated with specific physiological and anatomical characteristics.

Typical

Serving as a characteristic example of something; standard or usual.

Pulse Pressure

The difference between systolic and diastolic blood pressure, indicating the force that the heart generates each time it contracts.