A Corporation Can Best Be Described by Which of the Following

question 9

Multiple Choice

A corporation can best be described by which of the following statements?

• A) It cannot sue or be sued.
• B) It ends when the owner of the corporation charter dies.
• C) It does not have a life separate from its owners.
• D) It does not have a size limitation.

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Definitions:

Wampanoags

A Native American tribe originally from southeastern Massachusetts and Rhode Island, known for their encounter with the Pilgrims at Plymouth in 1621.

Division of Carolina

This refers to the split of the Carolina colony into North and South Carolina in 1712, originally chartered as one territory by the English Crown.

Proprietors

Individuals or entities that own a business or property, characterized by having legal title and the right to use property at their discretion.

John Locke

A 17th-century English philosopher renowned for his theories of natural rights and the social contract.