Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 9 Officers of a corporation are hired by the ________________________. a Other officers b Directors c Stockholders d State Question 10 Which of the
Question 9 Officers of a corporation are hired by the ________________________. a Other officers b Directors c Stockholders d State Question 10 Which of the following contracts would NOT have to in writing to be enforceable? a A contract for the services of a personal tennis coach for a period of 24 weeks. b A contract agreement granting an electric company the right to keep equipment on someone's land. c The sale of a used Apple laptop computer for $950.00. d All of the above commercial transactions must be in writing in to be enforceable in a court of law. Question 11 What happens when a court "Pierces the Corporate Veil?" a The court revokes the corporate charter. b Shareholders become personally liable for the debts of the corporation. c The promoter becomes liable for the debts of the newly formed corporation. d The court requires that the corporation be more substantially capitalized.
| Question 9 | |
| Officers of a corporation are hired by the ________________________. | |
| a | Other officers |
| b | Directors |
| c | Stockholders |
| d | State |
| Question 10 | |
| Which of the following contracts would NOT have to in writing to be enforceable? | |
| a | A contract for the services of a personal tennis coach for a period of 24 weeks. |
| b | A contract agreement granting an electric company the right to keep equipment on someone's land. |
| c | The sale of a used Apple laptop computer for $950.00. |
| d | All of the above commercial transactions must be in writing in to be enforceable in a court of law. |
| Question 11 | |
| What happens when a court "Pierces the Corporate Veil?" | |
| a | The court revokes the corporate charter. |
| b | Shareholders become personally liable for the debts of the corporation. |
| c | The promoter becomes liable for the debts of the newly formed corporation. |
| d | The court requires that the corporation be more substantially capitalized. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Contemporary Mathematics
Authors: OpenStax
1st Edition
1711470554, 978-1711470559
