Exam 4 Flashcards
Fill in the Blank (30 cards)
1
Q
1
A
Utilitarian
2
Q
2
A
Utilitarian
3
Q
3
A
Liberal
4
Q
4
A
Inductive reasoning
5
Q
5
A
Faith
6
Q
6
A
Reason
7
Q
7
A
Business Judgement Rule
8
Q
8
A
Responsible Officer doctrine
9
Q
9
A
Minority shareholders suits
10
Q
10
A
Shareholder derivative suits
11
Q
11
A
Cumulative voting
12
Q
12
A
Stock Subscription
13
Q
13
A
Shareholder’s right to vote
14
Q
14
A
Shareholder’s right to receive dividends
15
Q
15
A
Shareholder’s right to look at books at reason time/place
16
Q
16
A
Ultra Vires
17
Q
17
A
Treasury Stock
18
Q
18
A
Bylaws
19
Q
19
A
S-corporation (taxed like partnership)
20
Q
20
A
Operating Agreement (LLC governing do cument)
21
Q
21
A
Limited Liability (benefit of LLC)
22
Q
22
A
Taxed like partnership (benefit of LLC)
23
Q
23
A
Outside creditors paid first
24
Q
24
A
Dissolution
25
25
Winding Up
26
26
Termination
27
27.) Partnership by estoppel/ostensible partnership brings:
Apparent Authority
28
28
Quorum
29
29: Two non-corporation business entities that have corporate like liability aspect
LLC
30
30: Two non-corporation business entities that have corporate like liability aspect
LP or LLP??
