Which of the Following Statements Is False

question 31

Multiple Choice

Which of the following statements is false?

• A)Most small shareholders do not attend the corporation's annual meeting,so they cast their vote by proxy card.
• B)Some corporations are created by application to a specific provincial government.
• C)Some corporations are created by application to the federal government.
• D)Corporations do not limit the liability of its owners.

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Definitions:

Ancillary Farm

A facility or operation that supports the main farming business by providing additional, usually related, services or products.

Innocent Misrepresentation

A false statement made without knowledge of its falsehood, but without intention to deceive, often leading to an altered contract or agreement.

Unilateral Mistake

A contract law concept where one party is mistaken about a basic assumption on which a contract is based, but the other party is not.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly with the intent to deceive, resulting in harm to the victim.