Multiple Choice
Which of the following is an incorrect statement?
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 incur obligations separate from those of its principals
Correct Answer:

Verified
Correct Answer:
Verified
Q9: A lawsuit against an officer or director
Q12: Le Magasin de Vêtements,Inc.is a clothing retailer
Q32: Which of the following gives a person
Q41: Officers,directors,and controlling shareholders are often called _.
Q57: A corporation incorporated in Utah and doing
Q60: The authority of an officer to bind
Q63: What is the difference between a derivative
Q68: The expiration date of a corporate bond
Q68: Kate owns 1,000 shares of stock in
Q73: The Revised Model Business Corporation Act mandates