A close corporation is a small corporation, however a close corporation must have 2 or more shareholders because the shares of close corporations cannot be held by a single individual.

Treasury stock is:

The Duty to make Informed Decisions requires officers and directors stay informed in all corporate matters.  It also requires “due diligence”.  This is the duty to do all the following except:

There are 3 conditions that must be present for a De Facto corporation to be recognized including all the following except:

The Duty to make Informed Decisions requires officers and directors stay informed in all corporate matters.  It also requires “due diligence”.  This is the duty to do all the following except:

The Duty to make Informed Decisions requires officers and directors stay informed in all corporate matters.  It also requires “due diligence”.  This is the duty to do all the following except:

The greatest advantage of the corporate form of business is:

General partnerships can be formed only by a written or oral agreement.

There are 3 conditions that must be present for a De Facto corporation to be recognized including all the following except:

Limited liability generally means that ownership and management are separated and the owner’s ______________.