A Corporation

question 78

Multiple Choice

A corporation:

• A)does not have a life separate from its owners
• B)cannot sue or be sued
• C)does not have a size limitation
• D)ends when the owner of the corporation charter dies
• E)is one of the easy types of businesses to form

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Definitions:

Debt Restrictions

Clauses or covenants in a loan agreement that limit or restrict the borrower's actions to protect the lender’s interests.

Restructuring Debt

The process of renegotiating the terms of existing loans to improve financial stability.

Composition

The makeup or structure of something, in finance it might refer to the mix of assets in a portfolio or ingredients of a financial product.

Creditors

Entities or individuals to whom money is owed by a person or company.