d.
corporation
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A partnership formed for the exercise of a profession whic is duly registered is
an example of
Select one:
a.
particular partnership
b.
partnership by estoppel
c.
universal partnership of all present property
d.
universal partnership of profits
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A man and a woman living together as husband and wife without the benefit of
marriage may enter into a universal partnership.
Select one:
True
False
Finish
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1
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ABC Foods Inc. manufacturers snack foods. Just like other small beginners, the
company also experienced hard times penetrating the market at that time.
Because of the strong belief of its founder that "quality product is the key to
success", the company products gained the acceptance of the general public.
Based on the given background data about ABC Foods Inc., investing in a real
estate company is an ________________ act.
Select one:
a.
Intra vires
b.
Ultra vires
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3
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ABC Foods Inc. manufacturers snack foods. Just like other small beginners, the
company also experienced hard times penetrating the market at that time.
Because of the strong belief of its founder that "quality product is the key to
success", the company products gained the acceptance of the general public.
Based on the given background data about ABC Foods Inc., selling of its old
manufacturing equipment is an ________________ act.
Select one:
a.
Intra vires
b.
Ultra vires
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4
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Statement 1. The members of the board of directors are jointly and severally
liable
Statement 2. The members of the board of trustees are jointly and severally
liable if they are guilty of gross negligence or bad faith in directing the affairs of
the corporation if they acquire any personal or pecuniary interest in conflict with
their duty
Select one:
a.
Statement 1 is false: Statement 2 is true
b.
Statement 1 is true: Statement 2 is true
c.
Statement 1 is false: Statement 2 is false
d.
Statement 1 is true: Statement 2 is false
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5
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A fellow of the board that oversees the activities of a non-stock corporation
Select one:
a.
Secretary
b.
Treasurer
c.
Trustee
d.
President
e.
Director
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6
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Who should preside in the meeting?
Select one:
a.
Treasurer
b.
Director
c.
President
d.
Trustee
e.
Secretary
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7
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Which is not included in the group?
Select one:
a.
Issue dividends
b.
