Which of the Following Is Not True of a Corporation

question 98

Multiple Choice

Which of the following is not true of a corporation?

• A) It may enter into binding legal contracts in its own name.
• B) It may sue and be sued.
• C) The acts of its owners bind the corporation.
• D) It may buy, own, and sell property.

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Definitions:

Etienne Cabet

A French philosopher and socialist who advocated for communal living and is known for his utopian novel "Voyage to Icaria."

Voyage to Icaria

A utopian work and a social experiment envisioned by Étienne Cabet, portraying an ideal society on a fictional island, reflecting communist ideologies.

Claude-Henri de Saint-Simon

Claude-Henri de Saint-Simon was a French social theorist and one of the founders of socialism, emphasizing the importance of industrial development and social organization.