A corporation:
A)can neither sue another party nor be sued
B)may not own property
C)may enter into contracts to borrow funds
D)can issue its own shares but cannot purchase shares in another entity
E)can be formed by an oral agreement amongst the shareholders

Question

Quizplus · Accepted Answer

One of the main functions of a corporation is to enter into contracts, including contracts to borrow funds. Choices A, B, D, and E are all incorrect.

A Corporation