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]

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter1: An Overview Of Managerial Finance

Section: Chapter Questions

Problem 14PROB

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