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Canadian Business And The Law Study Set 2

Business

Quiz 15 :

The Corporate Form: Organizational Matters

Quiz 15 :

The Corporate Form: Organizational Matters

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Marjorie owns 1000 shares in Martina's business entity.Under certain circumstances,Marjorie's investment in the business will involve having the entity purchase her shares at $30.What rights are attached to Marjorie's shares?
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Multiple Choice
Answer:

Answer:

A

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Which of the following is a feature of shares in a "widely held" corporation?
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Multiple Choice
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Answer:

A

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Which of the following is a disadvantage of the corporation as a business form?
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Multiple Choice
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Answer:

C

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Amarilla is willing to contribute capital to her son's new business enterprise.She has asked for qualified assurance of the return of her share capital if the entity winds down its business activity at some future time.Which of the following most likely provides the qualified assurance Amarilla is seeking?
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Which of the following best explains why the corporation is the predominant business vehicle in modern commerce?
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Taylor and Ebram are selecting a name for their new corporation and have decided to call the business Taleb Marketers and Design Group.Why will this not be an acceptable name for their corporation?
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Greta and Raven are going to be the sole shareholders of a new catering business that will operate in their city.What type of corporation are Greta and Raven most likely considering?
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What must be present with respect to each class of shares issued by a corporate entity?
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What is the most compelling reason for the creation of a corporate business entity?
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Ilsa and Suri are meeting with their lawyer to discuss the incorporation of their home renovation company.Which type of incorporation will their lawyer most likely recommend?
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What is the term,in some jurisdictions,for a corporation that does NOT offer its shares for sale to the public?
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Rain Water Recycling Inc.has negotiated with the federally funded Business Development Bank for a capital loan to expand its existing operations.What is the role of the bank?
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Which of the following was one of the issues that was resolved by the decision in Salomon v.Salomon Ltd.,[1897] A.C.22 (H.L.)?
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What is required to be set out in the incorporation documents with respect to the number of shares for each class that can be issued?
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A creditor of an insolvent corporation is unable to seek redress for its losses from the company's shareholders.How will the law discern this outcome?
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Suppose Marcella is incorporating a new business entity and must consider the matters relating to shares.Which of the following is a valid question that Marcella must answer?
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Which of the following is a distinguishing feature of a widely held or public corporation?
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Which of the following would a lawyer most likely require the parties to determine before preparing and filing incorporation documents?
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Which of the following is an example of a right associated with owning a share in a corporation?
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What is the legal term for decision makers who enter contracts on behalf of an artificial entity?
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