Abc corporation obtained its certificate of incorporation

Question

Questions (Short Essays; 100 - 150  words each)

Due: No later than midnight Sunday

1. ABC Corporation obtained its Certificate of Incorporation (Its Charter) from the State of Delaware. It has its headquarters and most of its employees in the State of Massachusetts. Based upon this scenario, ABC Corporation is considered a Foreign Corporation in Massachusetts. True or False and explain answer.
2. Explain in your own words the differences between a "for-profit" and a "not-for-profit" corporation.
3. What is "looting?" Describe in your own words.
4. What are the possible consequences if a corporation does not qualify to conduct intrastate business by first obtaining a " certificate of authority" from a state it does business in?