Which of the Following Would Be a Justification for Involuntary

question 47

Multiple Choice

Which of the following would be a justification for involuntary dissolution of a corporation by a creditor?

• A) When there is misapplication or waste of corporate assets
• B) When directors are in conflict, deadlock cannot be broken by shareholders, and the corporation faces ruin
• C) When corporation is insolvent and not paying its debts
• D) When directors are acting illegally or unfairly

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Definitions:

Formula

A mathematical relationship or rule expressed in symbols.

Determine

Involves making a decision or solving a problem based on available information or evidence.

Six-figure Accuracy

A level of precision where calculations or measurements are correct to six digits.

Cube Root

The number that produces a given number when cubed. It is the value that, when multiplied by itself three times, gives the original number.