Ira is deeply involved in the management of a certain business. If Ira dies, the business entity would be considered legally dissolved as a result of Ira's death if:
A. the business is a Subchapter S corporation.
B. she was a shareholder of a corporation.
C. the business is a partnership and Ira is a partner in it.
D. the business is a corporation.
Answer: C
You might also like to view...
If the owner has not made any additional investments during the period, the financial statements can be prepared directly from the work sheet
a. True b. False Indicate whether the statement is true or false
Which of the following is a minimum provision that should be included in an e-contract?
A) a statement of how the goods are to be paid for by the buyer B) a statement of how and when the goods will be delivered C) a statement of who is the person authorized to take delivery D) a statement of the seller's permit to produce and sell goods
Apart from the long arm statute, what other criteria must a claimant fulfill in order to establish personal jurisdiction requirements of U.S. products liability laws?
What will be an ideal response?
One basic difference between a generic market and a product-market is seen in
A. whether customer needs are similar or different. B. whether or not sellers in the market rely on e-commerce. C. how similar the competing sellers' products are. D. whether the market includes only buyers-or both buyers and sellers. E. There is no difference-the terms mean the same thing.