A Corporation Acts Under Its Own Name Rather Than in the Name

question 54

True/False

A corporation acts under its own name rather than in the name of its stockholders.

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Definitions:

Abuse of Discretion

A legal term indicating a failure to take into proper consideration, the facts and law relating to a particular matter; an arbitrary or unreasonable departure from precedent and settled judicial custom.

State Law

Laws that are enacted and enforced by the individual states in a country, differing from federal or national laws.

Interstate Commerce

The buying, selling, or moving of products, services, or money across state lines, regulated by federal law.

Undue Burden

A legal standard used to determine whether a law or its enforcement is excessively burdensome or restrictive on an individual or group.