Companies often choose to incorporate in Delaware. Which of the following is NOT a reason why corporations choose Delaware?

Delaware offers the ability to incorporate under federal law i.e. USA wide.

Delaware requires only a majority to agree to business decisions.

Chancery court (in Delaware) hears nothing but business cases and with judges who are experts in corporate law.

Delaware has an established body of precedent, therefore case outcomes are easy to predict.

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Chapter 2: Running a Corporation

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1Companies often choose to incorporate in Delaware. Which of the following is NOT a reason why corporations choose Delaware?
1. ADelaware requires only a majority to agree to business decisions.
2. BChancery court (in Delaware) hears nothing but business cases and with judges who are experts in corporate law.
3. CDelaware has an established body of precedent, therefore case outcomes are easy to predict.
4. DDelaware offers the ability to incorporate under federal law i.e. USA wide.
2All corporations must use one of the following words in their name: corporation, incorporated, company, or limited.
1. ATrue
2. BFalse
3Incorporators have a substantial stake in the company of which they incorporate.
1. ATrue
2. BFalse

Description: Managing Legal Risk in the Hospitality Industry Part II, Chapter 2
Author: alexandraj0
Language: English
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