Which of the following is not true about a corporation?
A) A corporation is a person in law.
B) The corporation exists on the same principles as a partnership.
C) The primary advantage of incorporation is limited liability.
D) A corporation has perpetual existence.
E) A corporation has limited liability.
Correct Answer:
Verified
Q9: In 1975, Parliament passed the Canada Business
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Q11: The doctrine of ultra vires, as applied
Q12: In addition to the Articles of Incorporation,
Q13: The classic case that established the existence
Q15: In comparison with a partnership, which of
Q16: A parent corporation will be liable to
Q17: Associated corporations constitute a statutory limitations on
Q18: A shareholder that engages in a conflict
Q19: Which of the following is TRUE?
A) The
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