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Which of the following is true of corporations and their shareholders? State law determines how many shares a corporation can have. A corporation can have

Which of the following is true of corporations and their shareholders?

  • State law determines how many shares a corporation can have.
  • A corporation can have as many shares as it wishes to sell.
  • The number of shareholders is limited to the number of corporate officers.
  • A corporation cannot have a single shareholder.

Christine hires a deck company to build a deck. The company initially does a terrible job and agrees to rebuild it. A court requires the company to pay for the cost of the inspection that Christine has done to ensure the rebuilt deck is structurally sound.

This is an example of which type of monetary award?

  • Punitive damages
  • Incidental damages
  • Consequential damages
  • Nominal damages

A man riding a roller coaster is severely injured when the car he's riding in jumps off the track. He sues the amusement park for negligence.

Assuming it is true, which of the following would represent a strong defense against the negligence claim?

  • The man has seen roller coasters before, and knowingly and voluntarily assumed the risk of participating in a dangerous activity.
  • The man undid his seatbelt after the roller coaster started moving.
  • The man snuck into the amusement park rather than paying for admission.
  • The amusement park has never had an accident like this before.

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