To be a close corporation, the business must be small, with no more than 20 owners and no more than $500,000 in gross annual income
Indicate whether the statement is true or false
False
You might also like to view...
What level of owner's liability does a trespassing adult have?
A) lowest level B) mid level C) higher level D) highest level
Maurice O'Meara Co v. National Park Bank of New York involved a letter of credit for a shipment of newsprint. The bank was concerned that the shipment was not as represented in the documents. In finding in favor of the seller's assignee, the court: A) emphasized the independence principle in letter of credit transactions
B) focused on the bank's legal right to refuse documents that do not strictly comply with the terms of the letter of credit. C) upheld the bank's right to have an inspection to test the tensile strength of the newsprint. D) A and C only.
The method a speaker uses to arrange her or his main ideas is termed
Discover Card has an automated inquiry system that enables card members to obtain their current balance, available credit and payment information via telephone without speaking to an account representative. What term should be used to describe this inquiry system?
What will be an ideal response?