A corporation has the same basic rights to perform acts and enter into contracts as a physical person.
Correct Answer:
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Q71: Corporate shares are freely transferable by a
Q72: Nonprofit corporations are private corporations that are
Q73: Implied powers allow a corporation to exceed
Q74: Small corporations generally opt to incorporate in
Q75: Professional corporations are also referred to as
Q77: Articles of incorporation must include the name
Q78: Corporation codes are state statutes that regulate
Q79: Common stockholders are issued common stock certificates
Q80: All states have adopted the Revised Model
Q81: Notes can be either unsecured or secured.
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