Question
Which of the following is a true statement? A) Appraisal rights are never available under state corporate law. B) A person who wants to offer
Which of the following is a true statement?
A) Appraisal rights are never available under state corporate law.
B) A person who wants to offer a small issue of stock in his or her business to the residents of just one state, which is the only state where this person does business, most likely does not have to comply with the Security Act of 1933 but usually will have to comply with state security law.
C) and S are partners in a computer business that is in the process of dissolution. Both wish to keep a certain desk lamp after the business is wound up. Because S paid for the lamp with partnership funds, she is entitled to keep the lamp but only if it was her idea to buy the lamp and she was the one who actually bought it.
D) In general, a partner who devotes a significant amount of his time and energy to a partnership business will automatically be entitled to any compensation if the partnership agreement is silent.
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