Which One of the Following Would Not Be Considered an Advantage

question 94

Multiple Choice

Which one of the following would not be considered an advantage of the corporate form of organization?

• A) Limited liability of owners
• B) Separate legal existence
• C) Continuous life
• D) Government regulation

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Definitions:

Inter Vivos Trust

A trust created and implemented during the lifetime of the grantor to manage or protect assets.

Mental Capacity

The legal ability of a person to make decisions or enter into a contract, which requires understanding and appreciating the implications of one's actions.

Valid Contract

An agreement that has met all legal requirements, making it enforceable by law.

Inter Vivos

A transaction between living persons.