The state can suspend the entity's corporate status until the taxes are paid or even dissolve the corporation for failing to pay taxes

Indicate whether the statement is true or false


True

Business

You might also like to view...

In marketing, the tendency to prefer products or people of one's own culture over those from other countries is called nationalism

Indicate whether the statement is true or false

Business

Price lining is known as the amount of the price that is padded, giving the retailer room to give the customer a discount

Indicate whether the statement is true or false

Business

When courts consider economic duress, they consider all the following factors EXCEPT:

a. relative bargaining power. b. financial distress. c. legitimate business actions. d. relative size of the contract.

Business

Frank owns GuestHouse Hotel. His ownership rights include the right to sell or give away the property without restriction, as well as the right to commit waste, if he chooses. Frank's ownership interest is A) a fee simple absolute

B) a profit. C) a life estate. D) the power of eminent domain.

Business