Shares of Sandwich Street stock cannot be purchased on any stock exchange or by just any individual.This means that Burger House is a(n)
A) alien corporation.
B) partnership.
C) open corporation.
D) family corporation.
E) closed corporation.

Question

Quizplus · Accepted Answer

Shares of Sandwich Street stock not being available for purchase on any stock exchange or by just any individual indicates that Sandwich Street is a closed corporation.

Shares of Sandwich Street Stock Cannot Be Purchased on Any