Question
Bo Polk incorporated Bo's Grocery in Mobile, Alabama, in 1955. Bo was the company's sole shareholder and served as the company's only president and CEO
Bo Polk incorporated Bo's Grocery in Mobile, Alabama, in 1955. Bo was the company's sole shareholder and served as the company's only president and CEO for the company's entire legal existence. When Bo dies, what will happen to Bo's Grocery Inc.?
a.Bo's Grocery Inc. will cease to exist as a corporation, and its assets will become part of Bo'ss estate to be distributed to his heirs. b.Bo's Grocery Inc. will continue to operate. c.Bo's Grocery Inc. may continue to operate, but it will have to change its name. d.Bo's Grocery Inc. will have to be sold to the highest bidder at an estate auction
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Operations and Supply Chain Management The Core
Authors: Robert Jacobs, Richard Chase, Jaydeep Balakrishnan, Brent Snider
2nd Canadian edition
1259066606, 978-1259066603
