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    Essentials of Business Law and the Legal Environment Study Set 1
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    Exam 33: Nature and Formation of Corporations
  5. Question
    All of the Following Are Characteristics of a Corporation EXCEPT
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All of the Following Are Characteristics of a Corporation EXCEPT

Question 6

Question 6

Multiple Choice

All of the following are characteristics of a corporation EXCEPT:


A) it is able to be sued and to sue.
B) it is usually managed by its shareholders.
C) it has perpetual existence.
D) it is a legal entity of its own.

Correct Answer:

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