Which of the Following Features of a Corporation Is LEAST

question 78

Multiple Choice

Which of the following features of a corporation is LEAST accurate?

• A)The owners' identity is separate from a corporation.
• B)The owners of a corporation are not liable for any obligations the corporation enters into.
• C)Changes in ownership do not result in the dissolution of the corporation.
• D)Earnings from a corporation are taxed only once.

Understand the distinction between recurring and non-recurring costs in the context of home purchasing.

Calculate mortgage affordability based on annual income, loan terms, down payment, and debt-to-income ratios.

Evaluate the financial implications of buying points on a mortgage to reduce interest rates and determine the break-even point.

Compute monthly mortgage payments based on loan principles, interest rates, and loan duration.

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Definitions:

Uniform Electronic Transactions Act

Legislation that provides legal validity to electronic contracts and signatures, enabling electronic commerce.

Reasonable Means

Utilizing practical and rational methods or measures when performing tasks or solving problems, aiming for effectiveness with efficiency.

Mode of Communication

The method or process by which information is conveyed between individuals or groups, such as verbal, written, or non-verbal communication.

Mailbox Rule

is a legal principle that an offer, acceptance, or any other form of legal communication is considered effective once it is dispatched, not when it is received.