Which of the following is considered to be a separate legal person in law?
A) A sole proprietorship
B) A partnership
C) A corporation
D) An agency
E) A professional practice

Question

Quizplus · Accepted Answer

A corporation is considered a separate legal entity in law, distinct from its owners or shareholders. This means it can own property, enter into contracts, and be sued in its own name. Sole proprietorships, partnerships, agencies, and professional practices do not have this level of legal distinction from their owners or members.

Which of the Following Is Considered to Be a Separate