Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following is a FALSE statement about corporations? Group of answer choices a. Corporations are legal fictions and have legal personhood. b. Preferred
Which of the following is a FALSE statement about corporations?
Group of answer choices
a. Corporations are legal fictions and have legal personhood.
b. Preferred shareholders of corporations have a right to vote, but not a right to a dividend if one is declared.
c. Corporations have shareholders, which have no fiduciary duties to the corporation.
d. Directors of a corporation are fiduciaries to the corporation.
e. Common shareholders have a right to vote and control the corporation but no right to a dividend.
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