Question 1

Match the following:

-equity securities

Accepted Answer

A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation. 
A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation.

Question 2

Match the following:

-corporation de jure

Accepted Answer

A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation. 
A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation.

Question 3

Match the following:
-cumulative voting

Accepted Answer

A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price. 
A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price.

Question 4

Match the following:
-duty of diligence

Accepted Answer

A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price. 
A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price.

Question 5

Match the following:

-corporation de facto

Accepted Answer

A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation. 
A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation.

Question 6

Match the following:
-merger

Accepted Answer

A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price. 
A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price.

Question 7

Match the following:

-promoters

Accepted Answer

A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation. 
A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation.

Question 8

Match the following:
-appraisal remedy

Accepted Answer

A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price. 
A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price.

Question 9

Match the following:

-subscribers

Accepted Answer

A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation. 
A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation.

Question 10

Match the following:

-charters

Accepted Answer

A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation. 
A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation.

Question 11

Match the following:
-tender offer

Accepted Answer

A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price. 
A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price.

Question 12

Match the following:

-incorporators

Accepted Answer

A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation. 
A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation.

Question 13

Match the following:

-secured bonds

Accepted Answer

A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation. 
A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation.

Question 14

Match the following:

-treasury stock

Accepted Answer

A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation. 
A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation.

Question 15

Match the following:

-foreign corporation

Accepted Answer

A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation. 
A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation.

Question 16

Match the following:

-income bonds

Accepted Answer

A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation. 
A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation.

Question 17

Match the following:
-derivative suits

Accepted Answer

A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price. 
A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price.

Question 18

Match the following:

-bylaws

Accepted Answer

A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation. 
A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation.

Question 19

Match the following:
-cash-out combination

Accepted Answer

A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price. 
A) Transaction used to eliminate minority shareholders and take a publicly held corporation private. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Device designed to concentrate corporate control in one or more persons; transfer of corporate shares' voting rights to another person. 
D) Right to receive fair value of one's shares. 
E) Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Procedure permitting a corporation to change its state of incorporation.
K)Must act within respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)Precludes imposing liability on directors and officers for honest mistakes if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation.
N)A writing evidencing that owners of shares will vote in a specified manner.
O)A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price.

Question 20

Match the following:

-ultra vires acts

Accepted Answer

A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation. 
A) Unsecured bonds, having only the obligation of the corporation behind them. 
B) Corporation created under the laws of a given state. 
C) Corporation created under the laws of any other state or jurisdiction. 
D) Persons who take the preliminary steps to incorporate. 
E) Persons who agree to purchase the initial stock in a corporation.
F)Rules governing a corporation's internal management.
G)Corporation formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)Corporation not formed in compliance with the statute but recognized for most purposes as a corporation.
I)Persons who sign the articles of incorporation.
J)The associates are denied the benefits of incorporation.
K)Any actions taken or contracts made by a corporation that go beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)Debt securities.
N)Entity created to administer a unit of local civil government or created by the federal government to conduct business.
O)Debt securities that condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Stock not having any special contract rights.
R)Stock having superior contractual rights with regard to dividends and/or assets upon liquidation.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)A proportionate ownership interest in a corporation.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)Basic organizational documents of corporations; also known as articles of incorporation.

Exam 57: Corporations

Match the following: -equity securities

Match the following: -corporation de jure

Match the following: -cumulative voting

Match the following: -duty of diligence

Match the following: -corporation de facto

Match the following: -merger

Match the following: -promoters

Match the following: -appraisal remedy

Match the following: -subscribers

Match the following: -charters

Match the following: -tender offer

Match the following: -incorporators

Match the following: -secured bonds

Match the following: -treasury stock

Match the following: -foreign corporation

Match the following: -income bonds

Match the following: -derivative suits

Match the following: -bylaws

Match the following: -cash-out combination

Match the following: -ultra vires acts

Introduction to Law

Business Ethics and the Social Responsibility of Business

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Relationship of Principal and Agent

Relationship With Third Parties

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Products Liability: Warranties and Strict Liability in Tort

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature, Formation, and Powers

Financial Structure

Management Structure

Fundamental Changes

Secured Transactions and Suretyship

Bankruptcy

Protection of Intellectual Property

Antitrust

Consumer Protection

Employment Law

Securities Regulation

Accountants Legal Liability

Environmental Law

International Business Law

Introduction to Property, Property Insurance, Bailments, and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Decedents Estates

the Legal Environment of Business

Contracts

Agency

Sales

Negotiable Instruments

Unincorporated Business Associations

Debtor and Creditor Relations

Regulation of Business

Property