LAW6149 Business Laws and Regulation.docx - d corporation Feedback Your answer is incorrect Question 19 Correct Mark 1.00 out of 1.00 Flag question

LAW6149 Business Laws and Regulation.docx - d corporation...

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d. corporation Feedback Your answer is incorrect. Question 19 Correct Mark 1.00 out of 1.00 Flag question Question text 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 Feedback Your answer is correct. Question 20 Incorrect Mark 0.00 out of 1.00 Flag question Question text 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 Question 1 Correct Mark 1.00 out of 1.00 Flag question Question text 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 Question 3 Incorrect Mark 0.00 out of 1.00 Flag question Question text 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 Question 4 Incorrect Mark 0.00 out of 1.00 Flag question Question text 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
Question 5 Incorrect Mark 0.00 out of 1.00 Flag question Question text 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 Question 6 Correct Mark 1.00 out of 1.00 Flag question Question text Who should preside in the meeting? Select one:
a. Treasurer b. Director c. President d. Trustee e. Secretary Question 7 Incorrect Mark 0.00 out of 1.00 Flag question Question text Which is not included in the group? Select one: a. Issue dividends b.

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