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Question

Project Repat is classified as a(n) ______ because only a few people own shares of its stock.

a.B

corporation

b.closed corporation

c.open corporation

d.S corporation

Project Repat has a corporate charter. Which of the following would NOT likely be found in a corporate charter?

a.The purpose of the organization

b.The maximum amount of stock and types of stock to be issued

c.What each partners' duties will be

d.The rights and privileges of stockholders

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