Law and Politics

Directors owe a fiduciary duty to the shareholders.

Started by @Brianna17

A shareholder has an obligation not to compete with the corporation.

Started by plus1

A secured creditor has first claim against assets used as security.

Started by littleanan

Where a corporation borrows money, only the corporation is responsible for that debt, not the shareholders.

Started by jake

Preferred shareholders usually get preference when dividends are declared, but receive no vote.

Started by cdr_15

A broadly held corporation has fewer and less stringent reporting and accounting requirements than a ...

Started by dbose

A corporation is considered to be a separate legal entity from the shareholders who make it up.

Started by Yi-Chen

A partnership can always be brought to an end by the service of notice on the other partners, no ...

Started by ereecah

Shareholders in a closely held corporation can control the rights and responsibilities they have to ...

Started by piesebel

Dennis, Sam, George, and Ray were partners in an accounting business, and Ray decided he wanted to ...

Started by notis

If three partners set out a term in their partnership agreement that John would only be responsible ...

Started by jman1234

The partners can change the terms of their responsibilities to each other in the partnership ...

Started by jilianpiloj

Unlimited liability means that an investor can lose everything he or she has invested in a corporation.

Started by shofmannx20

If Carol introduces Mary to a client as a partner in circumstances where it is reasonable for the ...

Started by Marty

Chan sold a business to Scott and in the process they valued the "goodwill" at $50 000. In the sale ...

Started by Yi-Chen

A partnership is primarily a contractual relationship and can be created verbally or implied by conduct.

Started by jerry coleman

A sole proprietor is responsible not only for his own conduct but also for the wrongful conduct of ...

Started by stephzh

The biggest issue for a sole proprietor is unlimited liability.

Started by Anajune7

In a franchise arrangement, one business enters into a contract with another to sell its products ...

Started by lunatika

Danny applied for and received a grant of licence to operate a popular franchise known as "Paul ...

Started by kwoodring

In a franchise arrangement, one business enters into a contract with another to sell its product ...

Started by WhattoUnderstand

Mr. Ace of Oink Inc., a closely held corporation, is one of three shareholders. After several years ...

Started by mpobi80

Often shareholders in closely held corporations want to formally set out their rights and ...

Started by magmichele12

Four years ago, Ben Ratzi incorporated a corporation and became the sole shareholder, director, and ...

Started by NguyenJ

Which of the following statements is correct with respect to regulation of the purchase, sale, and ...

Started by ericka1