1569573
Description
Quiz by alexandraj0, updated more than 1 year ago
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Created by alexandraj0
about 10 years ago
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Question 1
Question
Companies often choose to incorporate in Delaware. Which of the following is NOT a reason why corporations choose Delaware?
Answer
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Delaware requires only a majority to agree to business decisions.
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Chancery court (in Delaware) hears nothing but business cases and with judges who are experts in corporate law.
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Delaware has an established body of precedent, therefore case outcomes are easy to predict.
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Delaware offers the ability to incorporate under federal law i.e. USA wide.
Question 2
Question
All corporations must use one of the following words in their name: corporation, incorporated, company, or limited.
Answer
- True
- False
Question 3
Question
Incorporators have a substantial stake in the company of which they incorporate.
Answer
- True
- False
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