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The Final Exam opens on Wednesday and will stay openthrough Tuesday, at midnight.The Final Exam consists of 25 Questions (a mix of True-False and Multiple Choice) and each question is worth 4points, for a total of 100 points.You have 1 ½ hours to take the Final Exam.The Final Exam covers the reading from Unit 9 (Chapters 23& 24) and Unit 10 (Chapters 25 & 26). There is only onequestion from Unit 8 (Chapter 21) on the Final Exam (onapparent authority).
Chapter 23, Sole Proprietorships, Partnerships, and LLCsChapter 24, Corporate Financing, Formation, andTerminationChapter 25, Corporate Directors, Officers, and ShareholdersChapter 26, Investor Protection, Insider Trading, andCorporate Governance
Can one individual shareholder or director bear soleresponsibility for the corporation and its actions? (Ch. 25)Can individual directors act as agents to bind thecorporation? (Ch. 25)What is an “inside director”? (Ch. 25)