bus law

Question 1 2 pts Which of the following provisions state that a Corporation is a person? e Corporation lanw e Law of contract e Constitution of United States e Law of torts Question 2 2 pts Under Commerce clause, the power to regulate interstate commerce is given to which of the following? Federal court O Federal government Supreme court Secretary of states 2 pts Question 3 In which of the following situations will a business incorporated in Ohio be required to qualify to do business in Kentucky? The busineis maintains a stock of goodsin Kentucky from which it sels to customers in Kentucky The business owns a buildingin Kentucky, which it holds for inves tment The business sends a salesagent into Kentucky to solicit orders from customers in Kentucky which order are brought back to and accepted in Ohio The business sells its goods toa oustomers in Kenucky through independent distributors located in Kentucky Anderson Incorporated his new company, Peart Inc. for dolng business of manufachuring rubber After some years, he opened his own subsidiary company. The new subsidiary company is a success. Meanwhle the workers of Pearl Inc. claimed that payment of bonus is due and they are demanding the same from subsidiary company. In this case is the subsidiary co. llable? Yes, they are lable because it is provided under law Yes, they are liable because both are the same entity in the eyes of law. No, they are not llable because it is not a subsidiary of Pearl co O No. they are not liable because subsidiary is not liable for parent's debts as provided under the law Question 5 2 pts A corporation is liable on a preincorporation contract made on behalf of the corporation by a promoter when the third party agrees to look only to the corporation for performance. e when the promoter discloses the nonexistence of the corporation at the time the contract was made. when the third party to the contract insists that the promoter sign the contract in the name of the corporation when the corporation's board of directors adopts the contract 2 pts Question 6 The fiduciary duty to the corporation is owed by a share haider prormoter inocey leinder state Which of the following is not incladed in the bylaws of a corporation? The number of shares a corporation is authorlzed to Issue The standands for declaring dividends The procedures for calling special meetings of shareholders O The procedures for maintenance of share records Questlon 8 2 pts When close corporation shareholders want to ensure that there is a market for their shares upon their deaths, they should use: o abuy-and-sell agreement O aright of first refusal O aconsent restraint o sprovision disqualitying purchasers 2 pts Question 9 The ultra vires doctrine states that: the corporation may engage in any lawful business the corporation has not been validly forrmed any action of a corporation beyond its stated poiwersis void the board of dicectors nust manage the corparatio