A corporation
A) is a legal entity, separate and distinct from its owners.
B) can sue and be sued, and can enter into contracts.
C) can borrow money and own property.
D) all of the above are true

Question

Quizplus · Accepted Answer

All the choices are true. A corporation is a separate legal entity from its owners, which allows it to enter into contracts, borrow money, and own property. It can also sue and be sued in its own name.

A Corporation