A shareholder in a professional corporation can avoid liability for his or her wrongful acts simply by incorporating.
Correct Answer:
Verified
Q2: A close corporation may restrict the right
Q3: A promoter is not personally liable for
Q4: The "minimum contacts" rule determines in which
Q5: A public corporation is also known as
Q6: A corporation has perpetual existence in most
Q8: Unlike a principal and agent, a corporation
Q9: A shareholder in a professional corporation can
Q10: Corporate officers select the corporate directors.
Q11: The capital structure of a corporation cannot
Q12: A foreign corporation is a corporation formed
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