The revised model business corporation act a has

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Business Law and the Legal Environment, Standard Edition
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Chapter 33 / Exercise 6
Business Law and the Legal Environment, Standard Edition
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10. The Revised Model Business Corporation Act: a. has eliminated the need for a certificate of incorporation. b. has made obtaining a certificate of incorporation more difficult. c. has made obtaining a certificate of incorporation easier. d. has eliminated the need for articles of incorporation. ANS: A TOP: AICPA BB-Legal MSC: AACSB Analytic
11. Where a corporation is properly formed, it is called a: TOP: AICPA BB-Legal MSC: AACSB Analytic
12. Under the Revised Model Business Corporation Act, the secretary of state may force the corporation to give up its: TOP: AICPA BB-Legal MSC: AACSB Analytic
13. After a corporation is dissolved, a contract made by an officer of the dissolved corporation: TOP: AICPA BB-Legal MSC: AACSB Analytic
14. ____ of a corporation may occur when management is deadlocked and the
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Business Law and the Legal Environment, Standard Edition
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Chapter 33 / Exercise 6
Business Law and the Legal Environment, Standard Edition
Beatty
Expert Verified
deadlock cannot be broken by the shareholders. a. Bankruptcy b. Consolidation c. Reinstatement d. Judicial dissolution ANS: D TOP: AICPA BB-Legal MSC: AACSB Analytic
15. If there is a consolidation of corporations A, B, and C: TOP: AICPA BB-Legal MSC: AACSB Analytic

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