Which of the Following Types of Corporations Sells Shares to People

question 22

Multiple Choice

Which of the following types of corporations sells shares to people who often have little interest in it except as investors?

• A) Nonprofit corporations
• B) Closely held corporations
• C) Publicly held corporations
• D) Municipal corporations

---

Definitions:

Intention

A psychological state involving a commitment or determination to carry out a specific action or achieve a specific outcome.

Intended Beneficiary

A third party in whose favor a contract is made.

Privity of Contract

A doctrine in contract law that prohibits any person who is not a party to a contract from enforcing or being bound by the terms of that contract.

Legally Enforce

The capability to impose compliance or execution of a law, agreement, or obligation through legal processes or judicial intervention.