Articles of incorporation, prepared by a business that wishes to incorporate, normally include, but are not limited to, the corporation's name and purpose, its location, and provisions for capital stock.
Answer the following statement true (T) or false (F)
True
Articles of incorporation normally include the following information: (1) the corporation's name and proposed date of incorporation; (2) the purpose of the corporation; (3) the location of the business and its expected life (which can be perpetuity, meaning endless); (4) provisions for capital stock; and (5) the names and addresses of the members of the first board of directors, the individuals with the ultimate authority for operating the business.
You might also like to view...
Which profitability ratio requires the use of earnings per share and the current market price?
a. Return on common stockholders' equity b. Dividend payout ratio c. Dividend yield ratio d. Price/earnings ratio
Select the statement that does not reflect the connection between the two senses of privacy as a right to be "left alone" and privacy as a right to control information about oneself.
A. Certain decisions we make about how we live our lives play a crucial role in defining our personal identity. B. The right to control certain very personal decisions and information has little relevance to determining the kind of person we are and the person we become. C. To the degree that we value treating each person as an individual, we ought to recognize that certain personal decisions and information are rightfully the exclusive domain of the individual. D. Privacy establishes the boundary between individuals and thereby serves to define one's individuality.
Explain management contracting with an example. What are its advantages and disadvantages?
What will be an ideal response?
Jill issues a negotiable promissory note to Cherice, who indorses it and delivers it to Lee. If Lee knows that the note was given to Cherice in exchange for worthless securities, Lee cannot be a holder in due course
a. True b. False Indicate whether the statement is true or false