Which of the Following Is the Basic Governing Document of a Corporation

question 75

Multiple Choice

Which of the following is the basic governing document of a corporation?

• A) A certificate of authority.
• B) The set of bylaws.
• C) A charter, after filing.
• D) A subscription.

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Definitions:

Right To Payment

A legal entitlement to receive a certain amount of money, often as compensation for goods provided, services rendered, or as restitution for harm or damage.

Incidental Beneficiary

A third party that benefits from a contract between two other parties, despite not being an intended beneficiary.

Contract

A legally binding agreement between two or more parties that outlines mutual obligations.

Creditor

An individual or institution that lends money or extends credit to another, with the expectation of being repaid.