Which of the Following Statements Is a Defining Feature of a Corporation

question 16

Multiple Choice

Which of the following statements is a defining feature of a corporation?

• A)The owners of a corporation face unlimited liability on debts.
• B)A corporation owns and operates units in foreign countries.
• C)A corporation is created by a verbal agreement.
• D)A corporation that is based on a verbal agreement is also recognized by State law.
• E)A corporation has a legal identity that is separate from that of its owners.

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Definitions:

Medical Treatment

A process or series of actions taken to improve health or relieve a medical condition.

Unexpected Misery

A sudden or unforeseen event or situation that causes great distress or suffering.

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Slot Machine

A gambling device that generates random combinations of symbols on a dial, offering a chance to win based on the matching of these symbols.