Question
Which of the following statements is true? A)A corporation is bound by the acts of its shareholders before they become agents of the corporation. B)A
Which of the following statements is true?
A)A corporation is bound by the acts of its shareholders before they become agents of the corporation.
B)A corporation can buy, sell, and own property.
C)A corporation cannot enter into binding contracts in its own name.
D) A corporation can be sued, but it cannot sue.
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
