Multiple Choice
Which of the following is not true about a corporation?
A) A corporation is a person in law.
B) The corporation exists on the same principles as a partnership.
C) The primary advantage of incorporation is limited liability.
D) A corporation has perpetual existence.
E) A corporation has limited liability.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: A private corporation is one that is
Q13: A professional corporation is a special type
Q18: Which of the following is TRUE?<br>A) The
Q19: Which of the following best describes the
Q20: Jack, who recently retired, wants to invest
Q21: When a corporation issues more than one
Q22: Luzzos Corp. is a closely held corporation
Q28: What is the doctrine of ultra vires
Q55: Explain the general distinction between the capital
Q58: What does it mean to pierce the