Multiple Choice
Which of the following is TRUE?
A) The law recognises every natural person as a legal person.
B) The limited company is no longer a dominant feature of the modern business world.
C) A corporation is a legal person in the eyes of the law.
D) A corporation is actually not a legal person.
E) The most important non- legal person is the limited partnership.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: The doctrine of ultra vires, as applied
Q15: Until the 19th century, all corporations were
Q16: Preferred shares are so called because they
Q17: What are two disadvantages of carrying on
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
Q23: Which of the following is not true
Q56: The attribute of negotiability of bond and