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Assume That Iowa Has Passed a Statute Requiring All Noncitizens

question 59

Multiple Choice

Assume that Iowa has passed a statute requiring all noncitizens to sit in the back of public buses.That statute would be reviewed using


Definitions:

Separate Legal Existence

The concept that a corporation's identity is legally distinct from its owners, thus it can own property, incur debts, and be sued in its own name.

Continuous Life

A characteristic of corporations where the company’s existence is not affected by changes in ownership or management, ensuring perpetual continuity.

Limited Liability

Limited Liability is a legal structure that limits the amount of financial risk and liability to the amounts invested in a company, protecting personal assets of the owners from business debts.

Binding Legal Contracts

Agreements that are enforceable by law, typically requiring offer, acceptance, and consideration.

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