LAW 14 100:100

LAW 14 100:100 - 1 ) Organizations owned by hundreds or...

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1 ) Organizations owned by hundreds or thousands of people are said  to be:   (5pts) Publicly held. 2 ) Majority stockholders:  (5pts) Can control the election of the board of directors. 3 ) A large, publicly held business is typically a corporation.  (5pts) True+ False 4 ) When a court finds that the shareholders of a corporation are using the corporate structure to shield themselves from liability when acting for purely for personal purposes, the court may disregard the corporate structure and impose personal liability on the shareholders treating them like partners. This is called:  (5pts) Piercing the corporate veil. 5 ) A partnership can be formed by an express agreement but not an implied agreement.  (5pts)
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True False+ 6 ) Which of the following is an activity a limited partner may not engage in:  (5pts) Participating in management. 7 )
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This note was uploaded on 01/31/2012 for the course LAW 2023 taught by Professor Brown during the Fall '11 term at ASU.

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LAW 14 100:100 - 1 ) Organizations owned by hundreds or...

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