Which of the Following Is True with Regard to the Characteristics

question 135

Multiple Choice

Which of the following is true with regard to the characteristics of corporations?

• A) The corporation is a separate legal person, but neither can sue nor be sued.
• B) Directors are responsible for the shareholders of the corporation.
• C) Shareholders, are liable for the debts and other obligations of the corporation.
• D) A shareholder's liability is limited to the amount he or she paid for the shares.
• E) The shareholders would be vicariously liable for any damage caused by a employee of the corporation carrying out his or her duties.

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Definitions:

Without Property

Refers to individuals or groups that do not own property or land, often highlighting issues of economic disparity and social inequality in various contexts.

Free Labor Vision

Free labor vision refers to the ideological belief in the 19th century that emphasized the moral and economic superiority of free labor over slave labor.

Continuous Cycle

A process or series of events that repeat themselves regularly and indefinitely without significant change or interruption.

Debt

Debt is an obligation or liability owed by one party to another, typically involving borrowed money that is to be paid back with interest.