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

Question

Quizplus · Accepted Answer

A)A cooperative is an organization formed by individuals who usually pool their
resources to gain an advantage in the market.An investment group that comes together for the explicit purpose of financing a specific large project is a syndicate,not a cooperative.

Which of the Following Statements Is False Regarding Cooperatives