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Question
Thirteen sorority sisters decide to start a dog walking business. They incorporate under the name Pro Canine Walkers, Inc. and advertise their services throughout the city in newspapers and with flyers they post. All stock is owned by the thirteen principals and none is offered to anyone outside of the thirteen. This corporation would be classified as:A.a privately held corporation.
B.a privately held public corporation.
C.a privately held professional corporation.
D.a privately held public professional corporation.
Answer
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Related questions
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B.Mobil was able to get out of the contract for the $156 million lease because the new law passed at the last minute changed the terms of the contract, barring certain types of oil exploration, frustrating Mobil's contractual purpose.
C.Mobil could not claim an anticipatory repudiation because even though as new law had been passed, they had not yet filed their oil excavation plan so they could not know whether they were facing a problem.
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