Why is it possible for a corporation to enter into contracts, acquire assets, incur obligations, and enjoy protection against the seizure of its property?
A) Its owners are liable for any obligations it enters into.
B) It is a legally defined, artificial entity that is separate from its owners.
C) The number of owners, and hence the spread of risk among these owners, is not limited.
D) The state in which the corporation is incorporated provides safeguards against any wrongdoing by the corporation.
Correct Answer:
Verified
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