The termination of a corporation:
a. is conducted in two phases: dissolution and winding up
b. prevents the corporation from taking on any new business c. may be brought about either voluntarily or involuntarily
d. is conducted in two phases: dissolution and winding up, and prevents the corporation from taking on any new business
e. is conducted in two phases: dissolution and winding up, and prevents the corporation from taking on any new business and may be brought about either voluntarily or involuntarily
Question 2
In Telebrands v. FTC, where the company marketed electronic muscle simulation abdominal belts, and the FTC sued for deceptive practices, the appeals court held the product was a medical device subject to FDA regulation, not FTC control.
a. True
b. False
Indicate whether the statement is true or false