The articles of cooperation shall set forth the following, except:The term of existence of the cooperative.The names, nationality and the postal addresses of the prospect members to berecruited.None of the choices.The name of the cooperative which shall include the word "cooperative".The purpose or purposes and scope of business for which the cooperative is to beregistered.

The articles of cooperation include: • Name of corporation• Name and address of the registered…

Answered: The articles of cooperation shall set…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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1 & 2. What are the two important matters discussed in a cooperative's general meeting? 3. What is the framework within which an organization that arranges its lines of authorities, communications and allocates rights and duties? 4. What accomplishes a cooperative's objectives with the use of men, materials and machines? 5. In cooperatives, who assume part of management responsibility?
The McDonald Investment Company was a corporation organized and incorporated in the state of Minnesota. The principal and only place of business from which the company conducted operations was Rush City, Minnesota. More than 80 percent of the company’s assets were located in Minnesota, and more than 80 percent of its income was derived from Minnesota. McDonald sold securities to Minnesota residents only. The proceeds from the sale were used entirely to make loans and other investments in real estate and other assets located outside the state of Minnesota. The company did not file a registration statement with the SEC. Does this offering qualify for an intrastate offering exemption from registration? Explain your answer.
Bailey is a limited partner in his company. A general partner in his company is going on an extended vacation and has asked Bailey to run the company while he is gone. If Bailey agrees to do so, he will no longer qualify as a limited partner. ( a) True b) False
Engro Ltd issued a notice for holding its Annual General Meeting on 7th November 2018. The notice was posted to the members on 16th October 2018. Some members of the company allege that the company had not complied with the provisions of the Companies Act 2017/Companies ordinance 1984 provisions, with regard to the period of notice. Decide whether the meeting shall be called valid or not and explain your answer.
Discuss the provisions of the Companies Act related to the issue and buyback of shares, including the requirements for conducting buyback offers, the restrictions on buyback pricing, and the consequences of non-compliance.
Explain the principle of veil of incorporation
“I think I’m in trouble,” Elvira confided to her husband, Curtis. “I had a customer in today who complained that one of my clerks had discriminated against her and that she was going to sue. I discovered that this same clerk had designed an elaborate scheme to embezzle from me and I intend to press criminal charges. Also, my landlord has stating that the remodeling I did voids my rental agreement and he wants me to vacate in 2 months. I looked at the contract and I’m 99% sure he’s wrong, but I’m no lawyer. I need some legal help!”
Describe the specific board structure present in Direct Relief organization, including the benefits of its structure.
What does agency law tell us about who may sign or executed agreements for a company and who is liable when they do.
These facts will be used for questions 1 - 10. A, an individual, transfers land with an adjusted basis of 40 and fair market value of 100, to Newco in exchange for 50 Newco shares, fair market value of 100. B, an individual, transfers equipment with an adjusted basis of 70 and fair market value of 110 to Newco in exchange for 50 Newco shares, fair market value 100, plus GM (General Motors) stock with a fair market value of 10. 1. What is A's realized gain or loss? a loss 10 30 O 60 none of the above What is A's recognized gain or loss? Oa loss 10 30 O 60 none of the above What is B's realized gain or loss? a loss 10 O 30 60 none of the above
State the mutual rights of partners of a Limited Liability Partnership Firm in the absence of any agreement between the partners.
Merger The board of directors of Plant Indus-tries, Inc. ( Plant), under the guidance of Robert B. Bregman, the chief executive officer of the corporation, embarked on a course of action that resulted in the sale of several unprofitable subsidiaries. Bregman then engaged in a course of action to sell Plant National ( Quebec) Ltd., a subsidiary that constituted Plant’s entire Canadian operations. This was a profitable subsidiary that comprised more than 50 percent of Plant’s assets, sales, and profits. Do Plant’s shareholders have to be ac-corded voting and appraisal rights regarding the sale of this subsidiary?

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