A Contract Entered into by a Corporation Is Enforceable

question 3

Multiple Choice

A contract entered into by a corporation is enforceable:

• A) Against the corporation as an artificial person.
• B) Against the shareholders of the corporation.
• C) Only if the contract is consistent with the corporation's constitution.
• D) Against the directors of the corporation.

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Definitions:

External Entity

An organization, body, or individual that exists outside of the framework or control of the main organization or system being referred to.

Evil Eye

A belief found in many cultures that a person can cause harm, illness, or misfortune to others simply by looking at them with envy or malice.

Somatic Symptoms

Physical symptoms that can occur with or without any identifiable physical cause and are often associated with psychological conditions.

Collectivism

A cultural value that emphasizes the importance of groups and communities over individual interests.