4. Briefly explain the three elements generally found in a corporate name and provide some examples of names that demonstrate those elements. [LO 10.5]
4. Briefly explain the three elements generally found in a corporate name and provide some examples of names that demonstrate those elements. [LO 10.5]
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![4.
5.
6.
7.
8.
Briefly explain the three elements generally found in a corporate name and
provide some examples of names that demonstrate those elements. [LO 10.5]
Compare the advantages and disadvantages of raising capital for a corporation
through issuing shares. [LO 10.5]
Outline the advantages a private corporation would gain with a Unanimous
Shareholders' Agreement. [LO 10.5, 10.6]
Briefly explain a franchise as a form of doing business and give an example. [LO10.7]
Briefly explain two reasons for carrying on a business in the following form:
a. A partnership [LO 10.4]
b. A corporation [LO 10.5]
c. A sole proprietorship [LO 10.2]
9. Discuss what joint and several liability in a partnership means and what steps you might take to limit
the partners' exposure to risk. [LO 10.4]
10. What is the duty owed by directors and officers to the corporation, and briefly describe a
situation that would illustrate it? [LO 10.6]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5a86f400-c39c-466d-a1a0-e0915698d2a2%2Fb7ad0608-d60c-46c7-9d7a-b6d11fc4f27c%2Fjxlejqj_processed.png&w=3840&q=75)
Transcribed Image Text:4.
5.
6.
7.
8.
Briefly explain the three elements generally found in a corporate name and
provide some examples of names that demonstrate those elements. [LO 10.5]
Compare the advantages and disadvantages of raising capital for a corporation
through issuing shares. [LO 10.5]
Outline the advantages a private corporation would gain with a Unanimous
Shareholders' Agreement. [LO 10.5, 10.6]
Briefly explain a franchise as a form of doing business and give an example. [LO10.7]
Briefly explain two reasons for carrying on a business in the following form:
a. A partnership [LO 10.4]
b. A corporation [LO 10.5]
c. A sole proprietorship [LO 10.2]
9. Discuss what joint and several liability in a partnership means and what steps you might take to limit
the partners' exposure to risk. [LO 10.4]
10. What is the duty owed by directors and officers to the corporation, and briefly describe a
situation that would illustrate it? [LO 10.6]
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