Question: Hello. Can you please help with practice review question #2 by providing Common Law legal rationale? Resource: Corporate Law and Procedure - Second Edition (Emond)

Hello. Can you please help with practice review

Hello. Can you please help with practice review question #2 by providing Common Law legal rationale?

Resource: Corporate Law and Procedure - Second Edition (Emond)

2. Which of the following statements is true concerning not-for-profit organizations? a. They can never make a profit on any of their activities. b. They cannot sell anything for cash. C. They do not distribute dividends to their members. d. They are always charities. e. They cannot own land. f. They cannot have paid employees

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