Which of the following statements is true about cooperatives?
A)Courts never treat cooperatives like a partnership.
B)Like shareholders of a corporation,members of incorporated cooperatives enjoy limited liability.
C)Cooperatives may be incorporated or unincorporated,however,in either case,liability for its members is the same.
D)Unincorporated cooperatives are treated like limited liability companies.
E)Cooperatives are not incorporated.

Question

Quizplus · Accepted Answer

A)Members of incorporated cooperatives enjoy limited liability just as do the
shareholders of a corporation.
B)Members of incorporated cooperatives enjoy limited liability just as do the shareholders of a corporation.
C)Members of incorporated cooperatives enjoy limited liability just as do the shareholders of a corporation.
D)Members of incorporated cooperatives enjoy limited liability just as do the shareholders of a corporation.
E)Members of incorporated cooperatives enjoy limited liability just as do the shareholders of a corporation.

Which of the Following Statements Is True About Cooperatives