The Duration of Existence of a Proprietorship Is Limited by the Life

question 46

True/False

The duration of existence of a proprietorship is limited by the life of the owner,whereas a partnership is terminated by agreement and a corporation is perpetual unless dissolved.

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Definitions:

Coelomic Fluid

A fluid found within the coelom, the body cavity of most animals, that serves various functions including circulation and the provision of a hydrostatic skeleton.

Mesoderm

The middle layer of an embryo in multicellular organisms, giving rise to muscles, bones, and the circulatory system among other structures.

Water-Vascular System

A network of hydraulic canals unique to echinoderms, such as starfish, used for locomotion, feeding, and respiration.

Exoskeleton

External skeleton of some invertebrates; hard external parts that muscles attach to and move.