Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Why does a company require people to act on its behalf? a. The Corporations Act requires a company to have at least one member b.
Why does a company require people to act on its behalf?
a. The Corporations Act requires a company to have at least one member
b. A company is an artificial legal construct and relies on natural persons to make decisions and take action on those decisions
c. While the company is a separate legal entity and members generally enjoy limited liability, it is possible in certain circumstances to lift the corporate veil.
d. An unlimited company is a company whose members have no limit placed on their liability to the company.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started