Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is not true of a corporation? a. It may buy, own, and sell property. b. It may sue and be sued.

Which of the following is not true of a corporation?

a. It may buy, own, and sell property.

b. It may sue and be sued.

c. The acts of its owners bind the corporation.

d. It may enter into binding legal contracts in its own name.

Step by Step Solution

3.43 Rating (169 Votes )

There are 3 Steps involved in it

Step: 1

Answer c The acts of its owners bind the corporation Explanation A corporation is an asso... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Human Biology

Authors: Sylvia S. Marder, Michael Windelspecht

13th edition

73525480, 978-0073525488

More Books

Students also viewed these Accounting questions

Question

5 bit by 5 - bit binary multiplier with carry lookahead adder

Answered: 1 week ago

Question

What is the function of the mitotic spindle?

Answered: 1 week ago