Which of the following is not true of a corporation?
A) It may enter into binding legal contracts in its own name.
B) It may sue and be sued.
C) The acts of its owners bind the corporation.
D) It may buy, own, and sell property.
Correct Answer:
Verified
Q61: Which of the following is not a
Q62: The entry to record the issuance of
Q63: The state charter allows a corporation to
Q64: A disadvantage of the corporate form of
Q65: Which of the following would not be
Q67: The ability of a corporation to obtain
Q68: Under the corporate form of business organization,
A)
Q69: Which of the following statements concerning taxation
Q70: Those most responsible for the major policy
Q71: Which of the following is not a
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