Regarding the Privilege of Incorporation (The Right to Organize an Enterprise

question 27

Multiple Choice

Regarding the privilege of incorporation (the right to organize an enterprise in the corporate form) ,all of the following are true except

• A) It gives a business firm limited liability, perpetual life and the rights of a citizen.
• B) It is not provided for directly by the Constitution because, apart from state governments,the Constitution made no provisions for groups.
• C) It is provided for at all levels of government-federal, state and local.
• D) There is no "except"; all of the above are true.

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Definitions:

Declaration of War

A declaration of war is a formal announcement by a government that a state of war exists between that nation and another.

Amendment Guaranteeing

Refers to an addition or change to a legal document, such as a constitution, that ensures specific rights or provisions.

Secession

The action of withdrawing formally from membership in a federation or body, especially a political state.

Seven Days Campaign

A series of six major battles during the American Civil War that took place over seven days from June 25 to July 1, 1862, near Richmond, Virginia, marking the climax of the Peninsula Campaign.