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    Business Law and the Regulation of Business Study Set 2
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    Exam 33: Nature and Formation of Corporations
  5. Question
    Which of the Following Is NOT a Characteristic of the Corporate
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Which of the Following Is NOT a Characteristic of the Corporate

Question 25

Question 25

Multiple Choice

Which of the following is NOT a characteristic of the corporate form of doing business?


A) Limited liability.
B) Perpetual existence.
C) Informal organization.
D) Transferability of corporate shares.

Correct Answer:

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