1.Miranda Wrights, a majority shareholder and director of a corporation leases her personal car in the name of the corporation. What options are available to the leasing company if Miranda does not make her lease payments?

a. Sue the corporation because the lease is in the corporate name.

b. Pierce the corporate veil by suing Miranda personally.

c. File a shareholders derivative suit against Miranda.

2. A franchisees relation with a franchisor is which of the following?

a.An independent party contracting with the franchisor.

b.A partner.

c.An employee.

3. The place and time for a shareholders meeting is set forth in?

a. The corporate books and records.

b. The corporate bylaws.

c. The corporate Articles of Incorporation.

d. The corporate operating agreement.