A _____ is a unit recognized as having rights and duties apart from the owners of the company.
A) retainer
B) utility patent
C) legal entity
D) sole proprietorship

Question

Quizplus · Accepted Answer

A legal entity, such as a corporation or LLC, is recognized as having separate legal existence from its owners. This means that the entity can enter into contracts, sue and be sued, and own assets in its own name. It also has responsibilities and obligations, such as paying taxes and fulfilling contractual agreements, that are separate from the owners.

A _____ Is a Unit Recognized as Having Rights and Duties