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Choose the correct answer following: 24. In the organizational chart below, which company is shown to be a corporation based on the definitions that we
Choose the correct answer following: 24. In the organizational chart below, which company is shown to be a corporation based on the definitions that we have used in class? a. Shareholder is a circle and a circle represents a corporation. b. Company A is a corporation. c. Company B is a corporation. d. Company B is a limited liability company. Answer: 25. True or False. A zero-balance requirement or an operating change covenant, are both terms that are often found in Letter of Credit. a. True. b. False. Answer: Choose the correct answer following: 24. In the organizational chart below, which company is shown to be a corporation based on the definitions that we have used in class? a. Shareholder is a circle and a circle represents a corporation. b. Company A is a corporation. c. Company B is a corporation. d. Company B is a limited liability company. Answer: 25. True or False. A zero-balance requirement or an operating change covenant, are both terms that are often found in Letter of Credit. a. True. b. False
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