QUESTION 13

1. Symbolic delivery is never sufficient to establish the delivery element when determining whether a gift inter vivos has been made

   True

   False

2.5 points

QUESTION 14

1. The officers of a corporation are appointed by its directors.

   True

   False

2.5 points

QUESTION 15

1. Directors, but not officers, of a corporation are generally liable for corporate debt.

   True

   False

2.5 points

QUESTION 16

1. Any corporation by majority vote may elect Sub Chapter S status.

   True

   False