Practice Quiz

DSST Business Law II Exam Prep - Question List

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61. A foreign corporation is a:
  1. Corporation formed in another state.
  2. Corporation formed in another country.
  3. Corporation formed offshore.
  4. A and B.
  5. A, B, and C.
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62. The number of shares provided for in a corporation's articles of incorporation is:
  1. The number of available shares.
  2. The number of discounted shares.
  3. The number of declared shares.
  4. The number of redeemable shares.
  5. The number of authorized shares.
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63. In a contract, what clause designates which country's laws will be applied in deciding a dispute?
  1. Choice of law
  2. Choice of forum
  3. Choice of jurisdiction
  4. Choice of court
  5. Choice of continent
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64. How are executory contracts treated in a Chapter 11 bankruptcy proceeding?
  1. They are performed.
  2. They are performed, unless they require payment from the bankrupt company.
  3. The trustee always rejects them.
  4. The trustee may reject them.
  5. It they involve leases, the trustee rejects them.
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65. What is the required number of shares that must be represented in person or by proxy to hold a shareholders' meeting?
  1. A quorum of shares.
  2. A majority of shares.
  3. A minority of shares.
  4. Two-thirds of shares.
  5. One-half of shares.
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