A corporation holds title to property and shareholders having a right of occupancy to part of the property own the corporation in
a. a planned development.
b. a community apartment project.
c. a condominium project.
d. a stock cooperative project.
Answer: d. a stock cooperative project.
Business
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Which of the following did not result from the Sarbanes-Oxley Act?
A. Top management must now certify the accuracy of financial information. B. Penalties for fraudulent activity increased. C. Auditors cannot provide non-audit services to the same client. D. Tax rates on corporations increased.
Business
What is the maximum amount that may be ordered paid from the Recovery Fund to satisfy valid claims against a licensee, for judgments rendered after January 1, 1980:
A: $20,000; B: $40,000; C: $80,000; D: $100,000.
Business