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The judicial dissolution of a corporation can be instituted by the attorney general of the state of incorporation based on which of the following? A. the corporation procured its articles of incorporation through fraud B. the corporation failed to file an annual report C. the corporation did not pay its requisite franchise fee D. the corporation failed for at least sixty (60) days to maintain a registered agent in its state of incorporation The functional interchangeability test is used in defining the relevant product or service market. A. True B. False Which of the following is correct regarding the liability of shareholders for a corporation's debts and obligations? A. Generally, shareholders have only limited liability B. Generally, shareholders have joint and several hability. c. Generally, shareholders are not liable to the extent of their capital contributions. D. Generally, shareholders have unlimited liability. In a proxy contest, only the incumbent directors are permitted to solicit proxies from shareholders. A. True B. False A(n) is defined as intentional misrepresentation or omission of a material fact that is relied on by the client and causes the client darage A. unqualifed ogiruon B. constructive fraud C. disclaimor of opinion D. actual fraud Which of the following is correct rogarding crowtfunding? A. Ifs ollerings are subject to the registration requecments of the Securties and Exchange Commesson (SEC). B. It allows targe companies to raise a maximum aggregate amount of $1,700,000 durng a 12 mocith period from a fer C. It is a funding mechanism creatod by the JOBS Act. D. It is used by companies that want to moet the requirements of issuing secuntes pursuant to a registered offering

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