Which of These Is a Characteristic of Paypal

question 118

Multiple Choice

Which of these is a characteristic of Paypal?

• A)Facilitates online auction payments.
• B)Offers password protected accounts.
• C)Allows use of credit cards.
• D)Transfers funds in U.S.dollars.
• E)All are characteristics of Paypal

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Definitions:

Corporate Veil

A legal concept that separates the actions and liabilities of a corporation from those of its shareholders or directors.

Personal Liability

The legal responsibility of an individual to satisfy debts or obligations from personal assets, not protected by limited liability through a corporate structure.

Incorporators

Individuals involved in forming a corporation, who sign the articles of incorporation and may act as temporary directors until a board is elected.

Perfunctory

Carried out with a minimum of effort or reflection.