A ________ can sue and be sued; buy,hold,and sell property; commit crimes and be tried and punished for them.

Question

Quizplus · Accepted Answer

A corporation is a legal entity that can sue and be sued, hold and sell property, commit crimes and be tried and punished for them. Sole proprietorships and general partnerships are not separate legal entities and do not have the same level of legal capacity. Limited partnerships have limited liability for some partners, but not all, and do not have the full legal capacity of a corporation.

A ________ Can Sue and Be Sued; Buy,hold,and Sell Property;