Jill makes a representation to Big City Bank ("BCB") that she is the sole director and shareholder of American Letter Corporation [ Choose ] ("ALC"), even though she is not. However, she possesses ocumentation and the ALC corporate seal. If BCB lends $10,000 to ALC and then learns that no such corporation exists, BCB will be able to seek repayment from both Jill and ALC. What legal term will describe ALC? Cal Lettuce Corp. gives all 15,000 [ Choose ] of its shareholders the right to purchase newly issued shares of Cal Lettuce stock in proportion to the percentage of shares they currently own and before anyone else is offered the shares. What are these rights called? A corporation may finance its expansion by borrowing money and issuing [ Choose ] [Choose} t she is the reholder of [Choose ] poration she is not. domestic corporation sses consolidation the ALC B lends Ithen learns ation exists, stock dissociation seek Section 16(b) th Jill and erm will limited liability limited partnership corporation by estoppel gives all 15,000 foreign corporation s the right to ssued shares of in proportion to f shares they nd before anyone ne shares. What called? partner dissolution bonds limited partnership shareholder may finance its orrowing money preferred stock member watered stock Rule 10b-5 Ider of dissolution tion is not. bonds limited partnership ALC ends shareholder en learns preferred stock n exists, k ill and will member watered stock Rule 10b-5 Es all 15,000 Registration Statement e right to d shares of proportion to S-Corporation ares they efore anyone promoter close corporation nares. What general partnership ed? pre-emptive rights finance its common stock owing money limited liability partnership merger public corporation