Watered shares result:
A) when a purchaser does not pay full market value for the shares.
B) when a purchaser does pay more than par value for the shares.
C) in personal liability for the shareholders.
D) none of the above
Correct Answer:
Verified
Q88: A partnership by estoppel:
A)is the same as
Q89: A limited partnership:
A)requires at least one general
Q90: For income tax purposes,a partnership:
A)files a return
Q91: In a ratification by the board of
Q92: Limited partners have liability:
A)for the full amount
Q94: Transfer of a partner's interest:
A)is void.
B)results in
Q95: The corporate veil can be pierced when:
A)there
Q96: The assignment of limited partnership interests:
A)is prohibited
Q97: Which of the following
Q98: A partner's interest:
A)is the same as the
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