Which of the Following Explains the Term "Lack of Mutual

question 94

Multiple Choice

Which of the following explains the term "lack of mutual agency" of a corporation?

• A)The liabilities of the corporation cannot be extended to the personal assets of the shareholder.
• B)Shares of stock can be readily bought and sold by investors on the open market.
• C)Shareholders are not authorized to sign contracts or make business commitments on behalf of the corporation.
• D)Corporations pay income tax on corporate earnings, and shareholders pay personal income tax on corporate dividends and gains from sale of stock.

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Definitions:

Tholos Tombs

Beehive-shaped burial structures made of stone, found in the Mycenaean civilization, used for royal or noble interments.

Corbeled Dome Structure

A dome constructed using the corbeling technique, where stones are laid horizontally, each one extending slightly beyond the one below, until the opening is closed.

Treasury Of Atreus

An ancient tomb located in Mycenae, Greece, notable for its dome-shaped structure and regarded as one of the great monuments of Mycenaean architecture.

Burial Goods

Objects placed in a grave along with the body of the deceased, often intended for use in the afterlife or as offerings to the gods.