Which of the following can be classified as an artificial person that can legally engage in almost any business activity a natural person can,including own property,enter into binding contracts,and initiate legal actions?

Question

Quizplus · Accepted Answer

A corporation is an artificial person created under law, which can engage in business activities and own property, enter into contracts, and initiate legal actions, just like a natural person. Sole proprietorships and partnerships are not artificial persons, while an enterprise is a broader term that encompasses any business endeavor.

Which of the Following Can Be Classified as an Artificial