Which of the Following Statements Best Describes a Corporation

question 16

Multiple Choice

Which of the following statements best describes a corporation?

• A)can be single or multiple owners
• B)taxed separately
• C)most expensive to establish
• D)all of the above

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Definitions:

Postbox Rule

A principle that a mailed acceptance is effective when and where it is dropped into a mailbox.

Counteroffer

A new offer, the proposal of which rejects and terminates the offer available until then.

Unconditional Acceptance

An agreement to the terms of an offer without imposing any additional conditions or limitations.

Postbox Rule

A principle in contract law stating that an offer is considered accepted at the moment the acceptance is sent, not when it is received by the offeror.