Which of the Following Statements About a Corporation Is NOT

question 41

Multiple Choice

Which of the following statements about a corporation is NOT true?

• A)A corporation can sue and be sued.
• B)A corporation has perpetual succession.
• C)There are onerous administrative and reporting requirements.
• D)Share transfer requirements are complex.

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Definitions:

Eponychium

The small band of skin at the base of the fingernail or toenail, also known as the cuticle.

Lunula

The visible part of the root of the nail, often seen as a white crescent shape at the base of the fingernail or toenail.

Nail Root

The part of a fingernail or toenail that is embedded in the skin and gives rise to the visible nail.

Arrector Pili

Small muscles attached to hair follicles that, when contracted, cause the hair to stand upright (goosebumps).