Multiple Choice
Which of the following is not true of a corporation?
A) It may buy own and sell property.
B) It may sue and be sued.
C) The acts of its owners bind the corporation.
D) It may enter into binding legal contracts in its own name.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q109: The two ways that a corporation can
Q110: The acquisition of treasury stock by a
Q111: Prytania Corporation is authorized to issue
Q112: A successful corporation can have a continuous
Q113: If stock is issued in exchange for
Q115: Fire Red Company is authorized to
Q116: Conecuh Manufacturing Corporation purchased 8000 shares of
Q117: A corporation must be incorporated in each
Q118: Identify at least six characteristics of the
Q119: Which of the following is not a