The Concept of an "Artificial Being" Refers to Which Form

question 151

Multiple Choice

The concept of an "artificial being" refers to which form of business organization?

• A) Partnership
• B) Sole proprietorship
• C) Corporation
• D) Limited partnership

---

Definitions:

Warranty Liability

Legal obligation arising from a promise or assurance given by a seller that certain statements about a product or service are true or will be met.

Bearer Instrument

A financial document that entitles the holder or bearer to the rights or assets it represents, without the need to prove ownership.

Signature

A person's handwritten mark or sign, typically used for authorization or as a form of identification in documents.

Primarily Liable

Being directly responsible or obligated to satisfy a debt or legal obligation, especially before any other party.