Which of the following is false regarding cooperatives?
A)Unincorporated cooperatives are treated like partnerships.
B)In unincorporated cooperatives,members share joint liability for the cooperative's actions.
C)Members of incorporated cooperatives enjoy limited liability just as do the shareholders of a corporation.
D)Cooperatives are usually formed as syndicates.
E)A cooperative is usually formed to market products.

Question

Quizplus · Accepted Answer

A cooperative is usually formed to market products,whereas a syndicate is an investment group that comes together for the explicit purpose of financing a specific large project.

Which of the Following Is False Regarding Cooperatives