Which of the Following Is NOT True of a Corporation

question 153

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:

Remedial Measures

Actions taken to correct or rectify a problem, often after an error or mistake has been identified.

Nolo Contendere

A legal plea where the defendant does not contest the charge, which is not an admission of guilt but is treated as such for sentencing purposes.

Sentencing Court

A court that has the authority to determine and impose punishment on individuals convicted of crimes.

Federal Antitrust Laws

Laws designed to protect trade and commerce from unfair practices such as monopoly, price fixing, and other forms of market manipulation.