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Which of the following statements are true regarding corporations?
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3 It has many of the same rights as an individual.
3 Owners are personally liable for corporate debts.
? corporations are often subject to fewer regulations than partnerships.
? The president and vice presidents choose the board of directors.
? Stockholders do not have the power to bind the corporation to contracts.
3 Owners are not agents of the corporation.
? It does not end with the death of an owner.
Which of the following statements are true regarding corporations?
Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct
answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark
will be automatically graded as incorrect.
3 It has many of the same rights as an individual.
3 Owners are personally liable for corporate debts.
? corporations are often subject to fewer regulations than partnerships.
? The president and vice presidents choose the board of directors.
? Stockholders do not have the power to bind the corporation to contracts.
3 Owners are not agents of the corporation.
? It does not end with the death of an owner.
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