Which of the Following Is Not True of a Corporation

question 98

Multiple Choice

Which of the following is not true of a corporation?

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

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Definitions:

Evidence of Expertise

Demonstrable knowledge or skills in a particular area, showing someone's capacity or proficiency.

Making Good Decisions

The process of choosing the best option from a set of alternatives based on rational analysis and judgment.

Displaying Diplomas

The act of publicly presenting educational credentials or achievements, often to convey credibility or qualifications.

Operating Information

Essential data and insights concerning the day-to-day functioning and performance of a business or system.