1. Bankruptcy of a partnership does not terminate it.

Group of answer choices

False

True

2. A stock option may be exercised at any point during the stated period of time in the contract.

Group of answer choices

True

False

3. Which of the following is an example of cumulative voting?

Group of answer choices

Dan and Ben own ten shares together and two directors are to be elected, so they receive the right to cast 12 votes.

Dan owns ten shares, and five directors are to be elected, so he receives the right to cast 50 votes.

Dan owns six shares and two directors are to be elected, so he receives the right to cast six votes.

Dan owns two shares and two directors are to be elected, but he receives no right to cast a vote.