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please answer these questions in own words thank you Task #1 - Corporation: 1. Define corporation 2. What do you mean by the term corporation
please answer these questions in own words thank you
Task #1 - Corporation: 1. Define corporation 2. What do you mean by the term "corporation is an artificial being"? 3. Discuss the concept of "piercing of corporate veil". 4. What are the probative factors of identity which could justify the application of the doctrine of piercing the corporate veil? 5. Differentiate stock and non-stock corporation 6. Differentiate de jure corporation and de facto corporation 7. Differentiate corporators and incorporators 8. Differentiate stockholders and members 9. Differentiate board of directors and board of trustees 10. Differentiate between common stock and preferred stock. 11. Differential par value shares and no par value shares. 12. Enumerate the limitation of no par value shares 13. Define the following a. share in escrow b. convertible share c. redeemable share d. founder's share e promotional share 1. treasury shares 9. retained earnings h. watered stocks Step by Step Solution
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