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Part $1$

Why is it possible for a corporation to enter into$$ contracts, acquire$$ assets, incur$$ obligations, and enjoy protection against the seizure of its$$ property?

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Part $1$

A$.$

The state in which a corporation is incorporated provides safeguards against any wrongdoing by the corporation.

B$.$

Its owners are liable for any obligations it enters into.

C$.$

It is a legally$$ defined, artificial entity that is separate from its owners.