Under the corporate form of business organization
A) a shareholder is personally liable for the debts of the corporation.
B) a shareholder's acts can bind the corporation even though he/she has not been appointed as an agent of the corporation.
C) the corporation's life is continuous.
D) shareholders wishing to sell their shares must get the approval of other shareholders.

Question

Quizplus · Accepted Answer

The corporate form of business organization provides for a continuous life, meaning the corporation continues to exist even if ownership changes or shareholders leave.

Under the Corporate Form of Business Organization