Multiple Choice
Why is it possible for a corporation to enter into contracts, acquire assets, incur obligations, and enjoy protection against the seizure of its property?
A) The number of owners, and hence the spread of risk among these owners, is not limited.
B) Its owners are liable for any obligations it enters into.
C) The state in which a corporation is incorporated provides safeguards against any wrongdoing by the corporation.
D) It is a legally defined, artificial entity that is separate from its owners.
Correct Answer:
Verified
Correct Answer:
Verified
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