Question: A corporation as a separate legal entity can do which of the following? a. Contract in its own name with its own shareholders. b. Contract

A corporation as a separate legal entity can do which of the following?

a. Contract in its own name with its own shareholders.

b. Contract in its own name with its own shareholders only if a majority of its shareholders agree that such a contract can be made.

c. Contract in its own name with third parties.

d. Both

a. and

c. are correct.

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