A __________is a federally or provincially chartered legal entity with authority to act and to have liability separate from its owners.
A)non-profit organization
B)limited partnership
C)general partnership
D)corporation

Question

Quizplus · Accepted Answer

Only a corporation has the legal authority to act and have liability separate from its owners, which means that shareholders are protected from personal liability for the company's debts and legal obligations. Non-profit organizations, limited partnerships, and general partnerships do not have this legal separation from their owners.

A __________Is a Federally or Provincially Chartered Legal Entity with Authority