As an artificial person, a _____ can legally engage in virtually any business activity a natural person can pursue, including owning property, entering into binding contracts, and initiating legal actions.
A) partnership
B) corporation
C) limited liability company
D) sole proprietorship

Question

Quizplus · Accepted Answer

A corporation is an artificial person or legal entity that has the same legal rights and responsibilities as a natural person. This means that it can engage in various business activities that a natural person can pursue, including owning property, entering into binding contracts, and initiating legal actions. Other options like partnerships, limited liability companies, and sole proprietorships may have certain legal limitations or liabilities that do not apply to corporations.

As an Artificial Person, a _____ Can Legally Engage in Virtually