Unless Specified in the Charter, a Corporation Has a

question 68

Multiple Choice

Unless specified in the charter, a corporation has a

• A) legal life of one decade.
• B) life of seventeen years, which is renewable.
• C) life of fifty years.
• D) perpetual life.
• E) legally recognised life, which varies from state to state.

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Definitions:

Expected Rate Of Profit

The anticipated return on an investment, calculated based on the potential risks and rewards associated with the investment.

Money Invested

Funds allocated for the purpose of generating income or profit through purchases of assets, securities, or other financial instruments.

Rate Of Interest

The charge, quantified as a percentage of the principal, that a borrower pays to a lender for the privilege of using assets.

Expected Profit Rate

The anticipated return on investment, calculated based on potential revenues and costs.