Chapter 2: Running a Corporation

Descripción

Managing Legal Risk in the Hospitality Industry Part II, Chapter 2
alexandraj0
Test por alexandraj0, actualizado hace más de 1 año
alexandraj0
Creado por alexandraj0 hace más de 9 años
17
0

Resumen del Recurso

Pregunta 1

Pregunta
Companies often choose to incorporate in Delaware. Which of the following is NOT a reason why corporations choose Delaware?
Respuesta
  • Delaware requires only a majority to agree to business decisions.
  • Chancery court (in Delaware) hears nothing but business cases and with judges who are experts in corporate law.
  • Delaware has an established body of precedent, therefore case outcomes are easy to predict.
  • Delaware offers the ability to incorporate under federal law i.e. USA wide.

Pregunta 2

Pregunta
All corporations must use one of the following words in their name: corporation, incorporated, company, or limited.
Respuesta
  • True
  • False

Pregunta 3

Pregunta
Incorporators have a substantial stake in the company of which they incorporate.
Respuesta
  • True
  • False
Mostrar resumen completo Ocultar resumen completo

Similar

Contract Law
sherhui94
INSOLVENCY
Nadzeera Afiqah
Life insurance
b_serong
Forms of Business Ownership Quiz
Noah Swanson
Unit 3 Business Studies
Lauren Thrower
AQA Business Unit 1
lauren_binney
How Parliament Makes Laws
harryloftus505
Digital Marketing Strategy - The Essentials
Micheal Heffernan
What is Marketing?
Stephanie Natasha
A-Level Law: Theft
amyclare96
Chapter 18 - Marketing mix(Product & Price)
irene floriane