n Sallivan and Taylor want to form a corporation to provide catering services. T
ID: 382789 • Letter: N
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n Sallivan and Taylor want to form a corporation to provide catering services. The first step in the ID: C incorporation procedure is to a. file the articles of incorporation. b. select a state in which to incorporate e, hold the first organizational meeting. d. secure a corporate name 93. Reth and Starr are shareholders of Triumph Hotel Corporation. Triumph's directors fail to declare a dividend. Roth and Starr could succeed in asking a court to order the directors to meet and declare a dividend if withholding a dividend is an abuse of the directors' discretion b. under no circumstances. e. if Triumph has sufficient earnings available to pay a dividend d. if Triumph has cash reserves earmarked for a different purpose 9. Tero Sum Games Corporation has forty-three shareholders. The minimum number that must be present at a meeting for a shareholders' vote is a. three of the shareholders. c. d. a proxy all of the shareholders. s. lan and Jackie take title to a drive-through Koffee Kiosk in such a way that if one dies, the other will be the sole owner. Ian and Jackie own the kiosk as a jomt tenants. b co-owners in fee simple. c. tenants by the entirety d. tenants in common. Digitech is a foreign corporation, which means that Digitech s is chartered in a foreign country b. is an alien corporation. c. may do business only in foreign countries. d. may be required to obtain a certificate of authority to do business. %. Rhea is a director of Spex Corporation, which makes and sells sunglasses and other eyewear. As a Spex director, Rhea sits on the board, which a. is governed by the Spex incorporators. b. is governed by the Spex shareholders. c. governs Spex. d. is governed by the Spex officers. 97. . Whit is a director of Vids Corporation. With respect to policymaking decisions n of corporate affairs, Whit and the other Vids directors have responsibility for a only the decisions referred to them by the officers. b. only the decisions referred to them by the shareholders. c. all of the decisions. d. none of the decisions. Erase cleanlyExplanation / Answer
92.conduct an organisational meeting before incorporating a catering service.And secure a corporate name.
93.Withholding of a dividend is an abuse of directors discretion, and share holders can file their complaints.
94.Majority of the share holders should be present in the share holders voting or otherwise all the share holders can attend the meeting.
95.Joint tenancy means if one of the tenants dies the other becomes sole owner to the property
96.Digitech is an alien corporation and it can do bussiness other than its mother country.
97.Director of the board of Spex is governed by its shareholders
98.Vid and other directors are responsible to consider the decisions from all the share holders and from all the officers in all the aspects.
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