________ of a corporation occurs in two phases: dissolution and liquidation.
A) The incorporation
B) The bankruptcy
C) The "death"
D) The merger
E) The consolidation

Question

Quizplus · Accepted Answer

The "death" of a corporation is a term that metaphorically describes the end of its existence, which is legally achieved through the processes of dissolution (the decision to close the corporation) and liquidation (the process of selling off assets to pay debts).

________ of a Corporation Occurs in Two Phases: Dissolution and Liquidation