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Question
In a limited partnership, a limited partner is personally liable to the partnership's creditors.Answer
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For action to be taken during a shareholders' meeting, a quorum must be present.
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A board of directors can delegate some functions to corporate officers.
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A director usually serves on a corporation's board for a life term.
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An individual director does not act as an agent to bind the corporation.
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"Forward-looking" financial forecasts are prohibited under SEC Rule 10b-5.
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An employer with fewer than fifteen employees is automatically shielded from federal employment discrimination laws.