Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Under the corporate form of business organization, a.stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the

Under the corporate form of business organization, a.stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation. b.stockholders wishing to sell their corporation shares need not get the approval of other stockholders, thus making it easy to transfer ownership rights. c.a stockholder is personally liable for the debts of the corporation. d.stockholders wishing to sell their corporation shares must get the approval of other stockholders.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions