Which of the following is false regarding the question presented in the Case Opener regarding Facebook's status as a corporation?
A) Its corporate status allows it to acquire property.
B) Its corporate status allows it to make contracts.
C) Its corporate status allows it to sue and be sued.
D) Its corporate status allows it to enjoy existence for up to 100 years.
E) Its corporate status allows it to make charitable donations.
Correct Answer:
Verified
Q1: Corporations have implied powers.
Q14: Which of the following is false regarding
Q15: A promoter is not permitted to enter
Q18: Which of the following is false regarding
Q18: Among the shareholders of an S corporation,
Q20: The determination of who has the power
Q21: Which of the following is a disadvantage
Q22: Which of the following is an implied
Q23: Corporations distribute their income to shareholders through
Q24: A corporation may call in and repay
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