A Corporation Is Considered to Be a Legal Entity Separate

question 90

True/False

A corporation is considered to be a legal entity separate and distinct from the stockholders.

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Definitions:

District Court

A type of trial court that has jurisdiction over specific types of cases within a defined geographic area.

Circuit Court

A court that holds sessions at various intervals in different sections of a judicial district.

Superior Court

A court of general jurisdiction that handles serious criminal and civil cases, above lower courts in the hierarchy.

Subject-Matter Jurisdiction

The power of a court to deal with cases of a specific kind or related to certain subjects.