Orsais a shareholder inPickles& PreservesCorporation. In some states, Orsamay be liable to the firm's creditors for unpaid corporate debts if she
a. accepts a dividend knowing that it was paid from retained earn¬ings.
b. receives shares issued by the firmfor less than fair-market value.
c. fails to fulfill her fiduciary duty to the majority shareholders.
d. sellsher shares.
B
Business
You might also like to view...
How often should you do a marketing plan?
a. When you do a business plan b. Whenever you add new products or services c. When your competition significantly changes d. All of the above, plus one a year
Business
What does the term communication environment refer to?
What will be an ideal response?
Business