Multiple Choice
All of the following are characteristics of a corporation EXCEPT:
A) it has perpetual existence.
B) it is a legal entity of its own.
C) it is able to be sued and to sue.
D) it is usually managed by its shareholders.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q33: Name the classifications of corporations.
Q62: A corporation has no constitutional protection against
Q67: Corporate powers granted by the RMBCA include
Q69: Mark complied with all formation requirements for
Q70: Under Subchapter S of the Internal Revenue
Q71: Use of "Stewart and Woods, Ltd." as
Q73: The case of Harris v. Looney dealt
Q74: Identify and give the basic characteristics of
Q76: All of the following are true of
Q77: Carroll, Daniels, and Elmore organized their veterinary