Associated corporations constitute a statutory limitation on the concept of separate corporate identities.In the legal sense,what is an associated corporation?

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An associated corporation is defined as where one corporation controls another or where two or more corporations are controlled by the same person. This is a statutory limitation on the concept of separate corporate identities, as it recognizes that multiple corporations may be operating as a single entity and therefore should not be treated as separate entities in certain legal contexts. While options A-D may also be indicative of associated corporations, E is the most accurate and complete definition in a legal sense.

Associated Corporations Constitute a Statutory Limitation on the Concept of Separate