CHAPTER 15

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1. A stakeholder is

a person who has a special relationship with a corporation
the person who sets the incorporation process in motion
a person who has no contractual or ownership interest in a corporation
a person who acquires confidential information from a person within the corporation who has access to information that is not publicly available
a person who has an interest in a corporation

2. An incorporator is

a person who has a special relationship with a corporation
the person who sets the incorporation process in motion
a person who has no contractual or ownership interest in a corporation
a person who acquires confidential information from a person within the corporation who has access to information that is not publicly available
a person who has an interest in a corporation

3. An insider is

a person who has a special relationship with a corporation
the person who sets the incorporation process in motion
a person who has no contractual or ownership interest in a corporation
a person who acquires confidential information from a person within the corporation who has access to information that is not publicly available
a person who has an interest in a corporation

4. A tippee is

a person who has a special relationship with a corporation
the person who sets the incorporation process in motion
a person who has no contractual or ownership interest in a corporation
a person who acquires confidential information from a person within the corporation who has access to information that is not publicly available
a person who has an interest in a corporation

5. A corporation's external stakeholders include

shareholders
creditors
corporate officers
directors
all of the above

6. The systems of incorporation currently in use in Canada include

letters patent
memorandum of association
special acts of incorporation
articles of incorporation
all of the above

7. A conversion right is

a share transaction that is based on confidential information of a material nature
a document that is published when corporate securities are being offered to the public
a right to convert a corporation from being closely held to being widely traded
a right to demand that shares be redeemed for a price above that at which they are trading on the market because of information leaks by corporate officers
a right to convert one type of security into another type

8. Insider trading is

a share transaction that is based on confidential information of a material nature
a document that is published when corporate securities are being offered to the public
a right to convert a corporation from being closely held to being widely traded
a right to demand that shares be redeemed for a price above that at which they are trading on the market because of information leaks by corporate officers
a right to convert one type of security into another type

9. A prospectus is

a share transaction that is based on confidential information of a material nature
a document that is published when corporate securities are being offered to the public
a right to convert a corporation from being closely held to being widely traded
a right to demand that shares be redeemed for a price above that at which they are trading on the market because of information leaks by corporate officers
a right to convert one type of security into another type

10. Generally, the term bond is used to mean

a share in the capital stock of a publicly traded corporation
a share in the capital stock of a closely held corporation
unsecured debt that has been issued by a corporation
secured debt that has been issued by a corporation
debt that can be converted into shares of capital stock