After it is incorporated, a corporation can disapprove of the contracts made by the promoter.
a. true
b. false
Ans: a. true
You might also like to view...
Hofstede's framework is based on social science theory.
Answer the following statement true (T) or false (F)
Firms may not issue equity interests with different rights, such as one class of common stock with 10 votes per share and another class of common stock with one vote per share
Indicate whether the statement is true or false
Artistic Framing, a business with $120,000 of unsecured debt, needs to file for bankruptcy, but wants to continue in business. Discuss what chapter of the Bankruptcy Code should be used, and discuss the effect of the 2005 amendment to the Code on the proceedings
Pamela hired Lena to sell her business. Lena:
a. can buy the business as long as the price is fair. b. can buy the business as long as she qualifies for financing. c. can buy the business only with Pamela's permission. d. cannot buy the business under any circumstances.