QUESTION 10 Dalily management of a corporation is the direct responsibility of t

Question

QUESTION 10 Dalily management of a corporation is the direct responsibility of the shareholders O True O False QUESTION 11 Debt securities, or bonds, represent loans to a corporation from another party O True O False QUESTION 12 p and contributes $150,000 as a limited partner. The limited partnership consisting of two general and two limited partners were sued over debt. Assuming the limited partnership is properly conducted, what is the maximum for which Denesha can be held lable O Denesha has unlimited personal liability O $75,000 $50,000 $100,000 $150,000 QUESTION 13 Directors and officers have a fiduciary duty of care. O True False QUESTION 14 If over 50% of the shareholders die, a corporation must be dissolved. True Cliok Save and to saue and Click Save All Answers to save all answers

Explanation / Answer

Q10- FALSE THE DAILY MANAGEMENT OF THE CORPORTION IS NOT THE RESPONSIBILITY OF THE SHAREHOLDER ITS THE RESPONSIBILITY OF THE MANAGERS

Q11- TRUE , DEBT SECURITIES ESPECIALLY BONDS ARE A LEGAL BORROWINGTHAT A PERSON MAKES, THE MONEY THAT THEY RECIEVE ACTS AS A LOAN AND MUST BE PAID BACK WITH INTEREST

Q12-

Q13- TRUE IN DIRECTORS AND OFFICERS HAVE FIDUCIARY DUTIES OF CARE IE THEY MAYBE HELD RESPONSIBLE FOR NOT DOING THIER DUTY FOR CARING FOR THE BEST INTERST OF THE OTHER PARTY

Q14- THE ANSWER IS FALSE BECAUSE EVEN AFTER A CORORATIONS 50% SHAREHOLDER DIE THE BUSINESS WILL STILL CONTINUE DUE TO THE ACT OF SEPERATE LEGAL ENTITY AND THE COMPANY WILL CONTINUE TO LIVE ON

PLEASE DO RATE THE ANSWER ( I WASNT SURE ABOUT THE Q12)

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.