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The Trait Approach Was Largely Abandoned by the Middle of the Twentieth

question 155

True/False

The trait approach was largely abandoned by the middle of the twentieth century, but in recent years it has resurfaced.

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Definitions:

Creature of the State

An entity that is created by and subject to state law, often used to describe municipalities or corporations.

Incorporation Statute

An Incorporation Statute is a law that outlines the process, requirements, and legal implications of forming a corporation.

Perpetual Existence

A characteristic of certain business entities, such as corporations, indicating they can continue indefinitely unless dissolved.

Articles of Incorporation

The legal document filed with a state government to legally establish a corporation, detailing its structure, purpose, and regulations.

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