All of the following are characteristics of a corporation EXCEPT:
A) it has perpetual existence.
B) it is a legal entity of its own.
C) it is able to be sued and to sue.
D) it is usually managed by its shareholders.
Correct Answer:
Verified
Q20: Under the Statutory Close Corporation Supplement to
Q21: A corporation is considered to be a
Q22: A promoter is a person who takes
Q23: Under the Revised Act, the filing of
Q24: The Statutory Close Corporation Supplement to the
Q26: Bylaws are rules governing a corporation's internal
Q27: A corporation has no constitutional protection against
Q28: Carroll, Daniels, and Elmore organized their veterinary
Q29: Subchapter S is a section of the
Q30: The doctrine of ultra vires is of
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