A Corporation Whose Shares Are Not Publicly Traded Is a Partnership

question 14

True/False

A corporation whose shares are not publicly traded is a partnership.

---

Definitions:

State Supreme Court

The highest court in a U.S. state, which has the final authority in interpreting state law and its constitution.

Jurisdiction

The official power or authority to make legal decisions and judgments, often defined by geographical area or specific types of cases.

Arbitration

A method of dispute resolution where a neutral third party (arbitrator) hears the evidence and makes a decision that is usually binding.

International Disputes

Conflicts that arise between nations over issues such as territory, resources, or treaty obligations.