1. A corporation does not have an existence separate and apart from the existence of its individual members.
True
False
2. If a debtor has fewer than 12 creditors just one of them may petition for involuntary bankruptcy.
True
False
3. Negotiable instruments are transferred by indorsement and delivery or simply by delivery.
True
False
4. The rights given the original parties differ in the case of negotiation and assignment.
True
False