Author Question: If a shareholder works for the business then he: a. will become a creditor of the corporation, but ... (Read 165 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
If a shareholder works for the business then he:
 a. will become a creditor of the corporation, but will not enjoy the same rights of recovery against the corporation as any other creditor
  b. will not officially become a creditor of the corporation, but will enjoy the same rights of recovery against the corporation as any other creditor
  c. will be removed from the corporation
  d. will be forced to sell his shares in the company e. none of the other choices are correct

Question 2

The FTC deception policy is the same, in effect, as common law fraud.
 a. True
  b. False
  Indicate whether the statement is true or false



AaaA

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

e

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

For a complete list of videos, visit our video library