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Question $3(1$ point$)$

$4.$ Sived

Which of the following statements is NOT true of a corporation?

ht has the right to sue and be sued.

It is legally obliged to distribute all profits to shareholders.

It is an entity separate from the individuals who own it$.$

it can incur debt that is an obligation of the corporation but not of its individual owners.

it can enter into contracts.

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