When a person is in an irreversible, incurable condition his ___________ gives instructions on 'heroic measures' and medical treatments if they become unable to express their wishes.

Group of answer choices

attestation clause.

living will.

self proved will.

holographic will.

Flag question: Question 90

Question 90

1pts

_________ of a corporation may occur when management is deadlocked and the deadlock cannot be broken by the shareholders.

Group of answer choices

Consolidation

Judicial dissolution

Reinstatement

Bankruptcy

Flag question: Question 91

Question 91

1pts

A corporation may be an incorporator of another corporation.

Group of answer choices

True

False

Flag question: Question 92

Question 92

1pts

Costs and expenses of administration of the bankruptcy case, including trustee fees are paid before any money is disbursed to secured or unsecured creditors.

Group of answer choices

True

False

Flag question: Question 93

Question 93

1pts

Under recent statutes, the articles of incorporation must contain all of the following except the: ______.

Group of answer choices

number of shares the corporation is authorized to issue.

name and address of each incorporator.

name of the corporation.

purpose for which the corporation is organized.

Flag question: Question 94

Question 94

1pts

The RMBCA provides that shareholders: ______.

Group of answer choices

only have preemptive rights with respect to the transfer of a block of stock as consideration.

have preemptive rights regardless of what the articles of incorporation provide.

cannot have preemptive rights.

have no preemptive rights unless the articles of incorporation so provide.

Flag question: Question 95

Question 95

1pts

A transfer of property by a debtor within ______ prior to filing with the intent to hinder, delay, or defraud creditors is called a(n) ______.

Group of answer choices

3 months, proof of claim.

12 months, voidable preference.

12 months, proof of claim

3 months, voidable preference

Flag question: Question 96

Question 96

1pts

Subchapter S corporations have the benefits of limited liability as in partnerships and are taxed as corporations.

Group of answer choices

True

False

Flag question: Question 97

Question 97

1pts

When a buyer makes a purchase without relying on the seller's skill and judgment, no warranty of fitness for a particular purpose exists.

Group of answer choices

True

False

Flag question: Question 98

Question 98

1pts

A catalog illustration can become the basis of an express warranty.

Group of answer choices

True

False

Flag question: Question 99

Question 99

1pts

Which of the following is a correct legal conclusion regarding Chapter 11 reorganization bankruptcy?

Group of answer choices

When a reorganization plan is confirmed by the court, the creditors can revert back to their original position if they are not satisfied with the plan.

A plan for reorganization may be filed only by a committee of creditors.

Individuals within a particular class of creditors can be treated differently if they object to the reorganization plan.

Individuals, partnerships, and corporations in business may be reorganized.

Flag question: Question 100

Question 100

1pts

Corporations may avoid liability for the obligations of a predecessor corporation by treating a consolidation or merger as a sale of assets.

Group of answer choices

True

False