Which of the Following Would Not Be Considered an Advantage

question 32

Multiple Choice

Which of the following would not be considered an advantage of the corporate form of organization?

• A) government regulation
• B) separate legal existence
• C) continuous life
• D) limited liability of stockholders

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Definitions:

Legal Information

Facts and data related to the law, legal systems, or legal processes, designed to inform, but not advise, individuals.

Lawyer-Client Relationship

A professional relationship where a lawyer provides legal assistance to a client, bound by confidentiality and duty of loyalty.

Legal Information

The data and knowledge related to laws, legal systems, and legal processes, distinct from legal advice which is applied specifically to individual cases.

Canadian Bar Association

A professional organization representing Canadian lawyers, judges, notaries, law teachers, and law students nationwide, providing support, advocacy, and resources.