Question: Mark Adler, a student, asks your help in understanding the following characteristics of a corporation: (a) Separate legal existence. (b) Limited liability of stockholders. (c)

Mark Adler, a student, asks your help in understanding the following characteristics of a corporation:

(a) Separate legal existence.

(b) Limited liability of stockholders.

(c) Transferable ownership rights.

Explain these characteristics to Mark.


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