A Corporation Is an Organization with a Legal Existence Apart

question 6

True/False

A corporation is an organization with a legal existence apart from that of its members.

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Definitions:

Specific Performance

A legal remedy requiring a party to perform their part of the contract rather than provide monetary compensation for failing to meet their obligations.

Resell

The act of selling something that one has previously purchased, either as a business practice or to transfer ownership.

In Transit

The status of goods or people being transported from one place to another; during the journey.

Carrier

A company or individual responsible for the transportation of goods or people.