An interest in a corporation is based on the ownership of one or more shares of stock of the corporation.

Group of answer choices

True

False

Flag question: Question 42

Question 42

1pts

Bankruptcy law does not regulate the manner in which the assets of the debtor are distributed; instead, distribution of the debtor's assets is solely within the discretion of the trustee.

Group of answer choices

True

False

Flag question: Question 43

Question 43

1pts

The two most common instruments used to provide the capital structure of a corporation are stocks and bonds.

Group of answer choices

True

False

Flag question: Question 44

Question 44

1pts

A corporation that does business in the state in which it was created is called a(n): ______.

Group of answer choices

alien corporation.

domestic corporation.

foreign corporation.

home corporation.

Flag question: Question 45

Question 45

1pts

Eccentric behavior means that the testator cannot have testamentary capacity.

Group of answer choices

True

False

Flag question: Question 46

Question 46

1pts

When all the distributees stand in the same degree of relationship to the decedent, distribution is madeper capita.

Group of answer choices

True

False

Flag question: Question 47

Question 47

1pts

Ordinarily, a seller's opinion about the good(s) cannot be treated as a warranty.

Group of answer choices

True

False

Flag question: Question 48

Question 48

1pts

A will is very informal and may be created in any reasonable manner.

Group of answer choices

True

False

Flag question: Question 49

Question 49

1pts

If the proper procedure for incorporation has been followed, the corporation has a legal right to exist and is called a(n):______.

Group of answer choices

ultra vires corporation.

corporation by estoppel

de jure corporation.

de facto corporation.

Flag question: Question 50

Question 50

1pts

A merger is subject to antitrust law, while a corporate consolidation is not.

Group of answer choices

True

False

Flag question: Question 51

Question 51

1pts

Testamentary intent means the testator understands that certain persons will become the owners of certain property upon her death.

Group of answer choices

True

False