Civil law holds that when a new corporation is chartered __________ and the new corporation is one that can sue,be sued,or be fined for criminal activity.
A)a new legal person is created
B)the secretary of state endorses it
C)a writ of injunction is issued
D)the antitrust law ensues

Question

Quizplus · Accepted Answer

When a new corporation is chartered, civil law recognizes it as a separate legal entity, also known as a new legal person. This means that the corporation can enter into contracts, own property, and engage in various transactions as a separate entity from its shareholders or owners. Additionally, the corporation can be held responsible for any legal or financial liabilities it incurs, such as being sued or fined for criminal activity. The other answer choices do not accurately describe the process of chartering a new corporation or the legal implications that come with it.

Civil Law Holds That When a New Corporation Is Chartered