One major characteristic of corporations is that they have perpetual existence unless a specific duration is stated in the articles of incorporation.

Name: One major characteristic of corporations is that they have perpetual existence unless a specific duration is stated in the articles of incorporation.
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Question

Quizplus · Accepted Answer

This statement is true. Corporations are considered separate legal entities from their owners and can exist indefinitely, unless a specific end date is stated in the articles of incorporation.

One Major Characteristic of Corporations Is That They Have Perpetual