A corporation owned by one person is treated under the law as separate from that person.
Correct Answer:
Verified
Q6: If an act is ultra vires, it
Q7: The Model Business Corporation Act is a
Q8: Under the RMBCA, a pre-incorporation subscription may
Q9: Title to corporate property belongs to the
Q10: A corporation is considered a citizen under
Q12: Under the RMBCA, the bylaws may be
Q13: Zeron Corporation is incorporated in the state
Q14: A corporation is a domestic corporation in
Q15: The modern approach follows the common law
Q16: "Piercing the corporate veil" will result in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents