Which of the following is correct regarding the characteristics of a corporation?
A) A corporation is considered a person within the meaning of the Eighth Amendment.
B) The Fifth Amendment provisions against self-incrimination protect a corporation.
C) A corporation is protected by the Fourth Amendment's provision against unreasonable searches and seizures.
D) A corporation is taxed like a partnership.

Question

Quizplus · Accepted Answer

A corporation is considered a separate legal entity that can own property, sue and be sued, and enter into contracts. It is not considered a person under the Eighth Amendment, and the Fifth Amendment's protection against self-incrimination applies to individuals, not corporations. However, a corporation is protected by the Fourth Amendment against unreasonable searches and seizures. As for tax, a corporation is taxed separately from its owners, unlike a partnership, which is not a separate legal entity and is taxed like its owners.

Which of the Following Is Correct Regarding the Characteristics of a Corporation