Why Is It Possible for a Corporation to Enter into Contracts,acquire

question 36

Multiple Choice

Why is it possible for a corporation to enter into contracts,acquire assets,incur obligations,and enjoy protection against the seizure of its property?

• A)The number of owners,and hence the spread of risk among these owners,is not limited.
• B)Its owners are liable for any obligations it enters into.
• C)The province in which the corporation is incorporated provides safeguards against any wrongdoing by the corporation.
• D)It is a legally defined,artificial entity that is separate from its owners.
• E)Corporations represent their owners,who have all of those rights.

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Definitions:

Wechsler Intelligence Scale

A series of standardized tests designed to measure intelligence and cognitive ability in children and adults.

Stanford-Binet

An individually administered intelligence test that assesses various cognitive abilities and provides a measure of general intelligence.

Kaufman Assessment Battery

A series of tests designed to assess cognitive development in children, focusing on processing and understanding.

Culture Fair

A term used to describe tests or assessments designed to be free from cultural biases, aiming to measure cognitive abilities or intelligence universally.