A Distinguishing Feature of a Co-Operative Is That It

question 211

Multiple Choice

A distinguishing feature of a co-operative is that it:

• A)maintains a distinct separation between ownership and management.
• B)is only intended to operate for a limited period of time.
• C)is owned and operated by the people who use it.
• D)can have no more than 75 owners,all of whom must be citizens of Canada.

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Definitions:

Reasonable Care

The degree of caution and concern an ordinarily prudent and rational person would use in similar circumstances.

Parcel

A piece of land, property, or object that is to be delivered or considered as a unit.

Free Parking

A space or area where vehicles can be parked without charge, often found in public areas or as part of commercial or residential properties.

Liability

Legal responsibility for one's actions or omissions, often resulting in the obligation to pay damages or compensation for any harm caused.