Which of the following is untrue regarding professional corporations?
A) State statutes permitting professional corporations all apply only to specified professions.
B) All states have statutes which permit the practice of professions by duly licensed individuals in the corporate form.
C) There is a supplement to the MBCA which deals with professional corporations.
D) Professionals may avoid personal liability for corporate debts by incorporating.
A
You might also like to view...
When making a decision to discontinue an operating segment, allocated common costs are not considered
Indicate whether the statement is true or false
The current ratio is a measure of all the ratios calculated for the current year
Indicate whether the statement is true or false
Ted has been a customer of Vista Inc for over ten years, during the course of which the
company collected a lot of information about him. Vista Inc is entering into a joint venture agreement with Prima Ltd and contacted Ted and its other customers seeking their permission to disclose their consumer information to Prima on an ongoing basis. Ted consented to this. Six months later, Ted read an article about misuse of consumer information at Prima and contacted Vista in order to advise them not to disclose any more information about him to Prima. In light of PIPEDA, which of the following statements is true? A) Ted having previously given his consent to the disclosure of his information, cannot revoke it. B) Vista has the discretion whether or not to allow Ted to withdraw his consent. C) Ted has the right to withdraw his consent to his information being disclosed D) Vista will be allowed to continue to disclose Ted's information for up to six months after he has withdrawn his consent E) Vista can continue to use Ted's information but only if it pays Ted to use it
An illustration of common law is
a. the constitution of a particular state. b. the Constitution of the United States. c. a statute enacted by a legislative body. d. decisions of federal and state courts.