An S Corporation Cannot Be a Shareholder in Another Corporation

question 30

True/False

An S corporation cannot be a shareholder in another corporation.

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Definitions:

Love And Affection

An emotional state or feeling of strong attachment and personal bond towards another person or persons.

Adequate Consideration

The fair and reasonable value exchanged in a contract that is sufficient to make the agreement binding and enforceable.

Requirement

is a necessary or obligatory condition that must be met or complied with, often specified for purposes like quality, safety, or performance.

Consideration

A fundamental concept in contract law, referring to something of value that is exchanged between parties as part of an agreement.