It Is Common for Contracts to Be Imposed by Law

question 1

True/False

It is common for contracts to be imposed by law.

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Definitions:

Authorized Shares

The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.

Incorporator

An individual or entity that establishes a corporation by filing the necessary legal documents with a governmental body.

Corporate Attributes

Characteristics that define a corporation, such as legal identity, transferability of shares, and perpetual succession.

Corporate Charter

A legal document that establishes a corporation, outlining its structure, purpose, and regulations under which it will operate.