Which of the Following Is Not True of a Corporation

question 114

Multiple Choice

Which of the following is not true of a corporation?

• A) It may buy own and sell property.
• B) It may sue and be sued.
• C) The acts of its owners bind the corporation.
• D) It may enter into binding legal contracts in its own name.

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Definitions:

Crime Rates

A measure of the number of crimes committed per unit of population or area in a specified period of time.

Explanations

Statements or accounts that make a subject clear and understandable.

State and Federal Law

Legal frameworks governing a nation, where state laws apply within individual states and federal laws apply across the entire nation.

Supreme Court

The highest court in a country or state, which has the ultimate authority to adjudicate in legal disputes and interpret the constitution.