Which of the following is not true of a corporation?
A) It may buy, own, and sell property.
B) It may sue and be sued.
C) The acts of its shareholders bind the corporation.
D) It may enter into binding legal contracts in its own name.
Correct Answer:
Verified
Q55: When shares are traded on the secondary
Q56: Which one of the following is not
Q57: The authorization of common shares
A)must be approved
Q58: All of the following are advantages of
Q59: Mr.Gold sold 100 shares of Delia Corp.to
Q61: The sale of common shares should be
Q62: The board of directors of Wessex Inc.declared
Q63: A company may repurchase its own shares
Q64: For a corporation reporting under IFRS, when
Q65: Use the following information for questions
On
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents