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Which of the following is a type of bond that a corporation may call in and repay at specific times?


A) Secured
B) Unsecured
C) Callable
D) Convertible
E) Income

F) C) and E)
G) C) and D)

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Owners of which of the following types of stock own a portion of a corporation but do not enjoy any preferences?


A) Acknowledged
B) Complex
C) Common
D) Preferred
E) Simple

F) B) and C)
G) C) and D)

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Which of the following references the liability of corporations for torts and crimes committed by their agents during the scope of their employment?


A) Stare decisis
B) Res ipsa loquitur
C) Respondeat superior
D) Ab initio
E) Actus reus

F) A) and D)
G) A) and C)

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List the six express corporate powers set forth in the text.

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Following are express powers of a corpor...

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A corporation must be dissolved if over 50% of the shareholders die.

A) True
B) False

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Which of the following is an individual who applies to the state for incorporation on behalf of a corporation?


A) A promoter
B) An incorporator
C) A facilitator
D) An obtainer
E) A certification analyst

F) A) and E)
G) A) and D)

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When a corporation is incorporated,the secretary of state usually issues a[n] ____,a document certifying that the corporation is incorporated in the state and is authorized to conduct business.


A) Approval of incorporation
B) Certificate of incorporation
C) Authorization of incorporation
D) Certification of legality
E) Chronicle of legality

F) B) and C)
G) None of the above

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