Which of the following is a valid observation of corporations?
A) A corporation cannot own property of its own.
B) All corporations should sell its stock to the public.
C) The owners of a corporation are called directors.
D) A corporation is distinct from the people running it.
E) A corporation must be owned by less than fifty people.

Question

Quizplus · Accepted Answer

A)A corporation is a legal entity, distinct from any individual persons, that has the power to own property and conduct business.
B)A corporation is a legal entity, distinct from any individual persons, that has the power to own property and conduct business.
C)A corporation is a legal entity, distinct from any individual persons, that has the power to own property and conduct business.
D)A corporation is a legal entity, distinct from any individual persons, that has the power to own property and conduct business.
E)A corporation is a legal entity, distinct from any individual persons, that has the power to own property and conduct business.

Which of the Following Is a Valid Observation of Corporations