An Artificial Entity Created by the State and Existing Apart

question 50

Multiple Choice

An artificial entity created by the state and existing apart from its owners is known as a(n) :

• A) partnership
• B) proprietorship
• C) company
• D) association
• E) dealership.

---

Definitions:

Defective

A condition wherein a product does not operate as intended or expected, often leading to a potential hazard or inefficiency.

Reject Shipment

The act of refusing to accept delivery of goods or services due to non-conformance with the agreed terms.

Entire Shipment

A term indicating that a contract or sale involves the delivery of all goods in a single consignment, not in parts.

Specifications

Detailed descriptions or guidelines defining requirements, dimensions, materials, or performance criteria for projects, products, or services.