A Corporation Cannot Be Formed for Purposes Other Than Making

question 59

True/False

A corporation cannot be formed for purposes other than making a profit.​

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Definitions:

Medicare

A federal program in the United States that provides health insurance to people aged 65 and over, and to younger individuals with disabilities.

Criminal Conduct

Behavior that violates laws and is punishable by the state or other jurisdiction.

Civil Lawsuit

A legal dispute between two or more parties seeking monetary damages or specific performance rather than criminal sanctions.

Tort

A civil wrong or injury that leads to legal liability, allowing the injured party to seek compensation for damages caused by the tortfeasor.