Question: Eric Fink, a student, asks your help in understanding the following characteristics of a corporation: (a) Separate legal existence, (b) Limited liability of stockholders, and

Eric Fink, a student, asks your help in understanding the following characteristics of a corporation:

(a) Separate legal existence,

(b) Limited liability of stockholders, and

(c) Transferable ownership rights. Explain these characteristics to Eric.


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