The Law and Business Administration in Canada Study Set 1
Quiz 25: The Nature of a Corporation and Its Formation
A Private Corporation Is One That Is Not Permitted to Offer
A private corporation is one that is not permitted to offer its shares to the public.
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The by-laws of a corporation are always appended to the articles of incorporation.
The ultra vires doctrine applies in most provinces in Canada.
There is no practical difference between a limited liability partnership and a professional corporation.Explain.
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