Multiple Choice
Which of the following statements about the operation of a corporation is correct?
A) A corporation receives its charter from the federal or a provincial government.
B) A corporate charter automatically expires in 99 years and must be renewed if the corporation wants to remain in business.
C) Owners of a corporation have unlimited liability for any claims against their company.
D) A corporation tends to be much easier to set up than a sole proprietorship or partnership.
Correct Answer:
Verified
Correct Answer:
Verified
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