A corporation is recognized as a legal person. True False

Owners of a corporation are called members. O True O False

What is an owner of a corporation called? What is the difference between a closed corporation and an open corporation?

The following are characteristics of a corporation except   Choices; It is an artificial being It has right of succession Unlimited Liability It is created by operation of law

A corporation existing in fact but not in law   Choices; De facto corporation De jure corporation Domestic corporation Foreign corporation

Which of the following is not true of a corporation? Oa. It may enter into binding legal contracts in its own name. Ob. It may sue and be sued. c. The acts of its owners bind the corporation. Od. It may buy, own, and sell property.

explain what is corporation with sole proprietorship?

Which of the following statements are true regarding corporations?

What is the difference between a constituent corporation and a consolidated corporation?

What is not-for-profit corporation?