DrDriller Is a Dentist Who Is Interested in Incorporating as an Individual.If

question 29

Multiple Choice

Dr.Driller is a dentist who is interested in incorporating as an individual.If he attempts to do so,Dr.Driller is likely to find that:

• A)most provinces do not allow individuals to incorporate.
• B)the procedures for an individual to incorporate are extremely complex.
• C)he may actually save on taxes.
• D)his business will be owned by a large number of stockholders with whom he must share his income.

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Definitions:

Consideration

In contract law, the benefit or value that each party agrees to give or receive as part of a legal agreement.

Satisfaction

The fulfillment of a need or desire; in a legal context, the discharge of an obligation or debt.

Portrait

A portrait refers to a painting, drawing, photograph, or engraving of a person, especially one depicting only the face or head and shoulders.

Contract Price

The total financial amount agreed upon by the parties involved in a contract for the provision of goods or services.