The Classic Case That Established the Existence of the Corporation

question 48

Multiple Choice

The classic case that established the existence of the corporation as a separate legal entity is

• A)Hart versus Hart,1868.
• B)The Partners' Cases,a series of small cases in 1903.
• C)Salomon's Case,1897.
• D)The Forms and Processes Case,1902.
• E)all of the above

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Definitions:

Uniform Commercial Code

An extensive collection of regulations that oversee every commercial activity in the United States, designed to synchronize the legislation of sales and various commercial dealings throughout the states.

Interstate Commerce

Trade, traffic, or transportation involving the crossing of state lines, regulated by the federal government.

Contracts

Agreements that create legally enforceable obligations between parties, typically involving the exchange of goods, services, money, or promises.

Offeree

The person to whom an offer is made, especially in the context of contracts.