Why Is It Possible for a Corporation to Enter into Contracts,acquire

question 36

Multiple Choice

Why is it possible for a corporation to enter into contracts,acquire assets,incur obligations,and enjoy protection against the seizure of its property?

• A)The number of owners,and hence the spread of risk among these owners,is not limited.
• B)Its owners are liable for any obligations it enters into.
• C)The province in which the corporation is incorporated provides safeguards against any wrongdoing by the corporation.
• D)It is a legally defined,artificial entity that is separate from its owners.
• E)Corporations represent their owners,who have all of those rights.

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Definitions:

Car Washes

Businesses specializing in cleaning the exterior and, in some cases, the interior of vehicles, offering a range of services from basic washes to detailed cleaning.

Personal Selling

A direct form of marketing where sales representatives interact face-to-face with customers to inform them about and sell a product or service.

Direct Contact

involves interaction between individuals or entities without intermediaries, allowing for immediate communication or exchange.

Communication

The process of exchanging information and ideas between individuals or entities, often involving speaking, writing, or using other mediums.