Holly is a director of International Foods, Inc. As a director, with respect to the corporation, Holly is

In a limited partnership, a general partner’s dissociation from the firm normally will lead to dissolution unless all partners agree to continue the business.

When the corporation is harmed by the actions of a third party, the directors can bring a lawsuit in the name of the corporation against that party.

​The executive officers represent the ultimate authority in every corporation.

Corporate directors and officers are insurers of business success.

The law considers all new businesses to be sole proprietorships regardless of the number of owners.

Corporate directors and officers are insurers of business success.

A dividend is a right given by a company to buy stock at a stated price by a specified date.

Dissociation normally entitles the partner to buy his or her interest from the partnership.

A joint venture is taxed like a corporation.