The president of Hi-Glow Cosmetics sends his top chemist to Hi-Glow's competitor's labs to steal its formula for shiny lipstick. The chemist gets caught and is sent to jail. Can Hi-Glow be found to be criminally liable?
a. Yes, under the doctrine of ultra vires.
b. Yes, since the president authorized the crime.
c. No, because a corporation cannot go to jail.
d. Yes, under the doctrine of ultra vires and also since the president authorized the crime.
b
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Anole Company was incorporated as a new business on January 1, 2016 . The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, participating preferred stock. On January 1, 2016, the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share. Net income for the year
ended December 31, 2016, was $375,000. Refer to the information about Anole Company. The number of Anole's unissued shares of common stock at December 31, 2016, is a. 6,000. b. 8,000. c. 10,000. d. 12,000.
A ________ is a date specified in corporate bylaws that determines whether a shareholder may vote at a shareholders' meeting
A) ballot date B) reinvestment date C) record date D) dividend date
The combination of two or more corporations' total assets, title to which is vested in one of them, known as the surviving corporation, is a:
a. dissolution. b. liquidation. c. consolidation. d. merger.
Use the date in Table 14.1. Analyze costs and make recommendations regarding the shipping options and suppliers. Which combination of shipping amount and supplier yields the lowest total cost?
What will be an ideal response?