A Corporation Is Not an Entity That Is Separate and Distinct

question 207

True/False

A corporation is not an entity that is separate and distinct from its owners.

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Definitions:

Inductive Reasoning

A method of reasoning in which the premises are viewed as supplying some evidence, but not full assurance, of the truth of the conclusion.

Precedents

Earlier events, decisions, or legal cases that serve as examples or guides for how similar future instances should be handled or judged.

Judicial Branch

The part of government responsible for interpreting the law, resolving disputes, and administering justice.

Congress

The national legislative body of a country, particularly referring to the United States Congress, which is made up of the House of Representatives and the Senate.