Business Law Module 8A

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Across
  1. 4. Securities representing corporate debt—funds borrowed by a corporation.
  2. 8. The simplest form of business organization where there is only one owner.
  3. 10. Peircing this is to hold a shareholder or shareholders personally liable.
  4. 12. An association organized to provide an economic service, without profit, to its members
  5. 15. Small domestic corporations that receive special tax treatment under Subchapter S of the Internal Revenue Code.
  6. 16. Only type of corporation that pays taxes on profits at the corporate level, the same money is taxed again as profits are dispersed to shareholders in the form of dividends.
  7. 17. This rule immunizes directors and officers from liability for honest mistakes of judgment or bad business decisions made in good faith.
  8. 18. Under this doctrine, a corporation is liable for the torts committed by its agents or officers within the course and scope of their employment
  9. 19. Partnership termination or winding up is the actual process of collecting, liquidating, and distributing the partnership assets.
Down
  1. 1. Corporations owned by a family or a relatively small number of individuals, often members of the same family.
  2. 2. Equity securities issued by a corporation that represent the purchase of ownership in the firm.
  3. 3. Responsible for all policymaking decisions necessary to the management of corporate affairs
  4. 5. A business form created by a written trust agreement that sets forth the interests of the beneficiaries and the obligations and powers of the trustees
  5. 6. An agreement by two or more persons to carry on, as co-owners, a business for profit.
  6. 7. Governs the operation of partnerships in the absence of an express agreement.
  7. 9. A hybrid form of business enterprise that offers the limited liability of a corporation and the tax advantages of a partnership.
  8. 10. A cooperative activity in which people network and pool funds and other resources via the Internet to assist a cause or invest in a venture.
  9. 11. This relationship is defined by a contract between the franchisor and the franchisee.
  10. 13. Capital provided to new business ventures by professional, outside investors, usually groups of wealthy investors and securities firms
  11. 14. An organization created by two or more persons in contemplation of a single transaction or project or a related series of transactions or projects.