A Plumber Hired to Redo the Plumbing in a Building

question 58

True/False

A plumber hired to redo the plumbing in a building is an independent contractor and agent of the owner of the building.

---

Definitions:

Corporation

A legal entity separate from its owners, with its own rights and liabilities, capable of conducting business.

Legal Entity

An organization that has legal rights and obligations, including the ability to enter into contracts and own assets, separately from its owners.

Public Corporation

A type of company that issues shares of stock that are publicly traded on one or more stock exchanges.

Common Stock

A type of equity security that represents ownership in a corporation, with certain rights such as voting rights and receiving dividends.