A(n) _____ has a legal life of its own.
A) partnership
B) proprietorship
C) corporation
D) association
E) trade alliance

Name: A(n) _____ has a legal life of its own. A) partnership B) proprietorship C) corporation D) association E) trade alliance
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Question

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Only a corporation has a legal life of its own, separate from its owners or shareholders. A partnership and proprietorship do not have a legal life of their own, and an association and trade alliance are not recognized legal entities.

A(n) _____ Has a Legal Life of Its Own