6. 7. 8. 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]
6. 7. 8. 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]
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![6.
7.
8.
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%2F939e0ac7-d747-4f07-8dcd-71ada82ec786%2Ftzdqjh_processed.png&w=3840&q=75)
Transcribed Image Text:6.
7.
8.
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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