Obtaining funds from a bank is an example of an investing activity
Indicate whether the statement is true or false
F
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If a corporation issues a security that gives a right to share in its profits, if any, what is that security called?
A) a share B) a bond C) a debenture D) capital E) a dividend
Under the Statutory Close Corporation Supplement to the MBCA, a close corporation must have bylaws on file with the office of the secretary of state or some other public office
a. True b. False Indicate whether the statement is true or false
"Bailment" is an ocean marine term applying to sinking ships
Indicate whether the statement is true or false
Ellen Benson has been operating a small catering business out of her home. Business growth is now requiring an office and kitchen facilities. Before expanding facilities, Ellen wishes to incorporate her business. Where would Ellen find the laws of incorporation?
A) State statutes B) Zoning ordinances C) Code of Federal Regulations D) County ordinances