Solved

Which of the Following Statements Is Incorrect

Question 40

Multiple Choice

Which of the following statements is incorrect?


A) A corporation may file suit in its own name without the principals filing suit.
B) A corporation may form a contract in its own name without the principals guaranteeing the contract.
C) A corporation can be sued without the principals being sued.
D) A corporation may not incur obligations separate from those of its principals.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q35: Artisan Tools,Inc.,manufactures and sells quality hand tools

Q36: Subchapter S corporations are not subject to

Q37: CJ and Danny have incorporated and obtained

Q38: A corporation comes into existence when<br>A) the

Q39: To qualify for Subchapter S status,a supermajority

Q41: Officers,directors,and controlling shareholders are often called _.

Q42: Creation and internal governance of corporations is

Q43: Any corporation that does not make money

Q44: Robert Hill Corp.(RHC)is incorporated in the state

Q45: The _ are the owners of a