Question: True or False 1. Virtually all modern state incorporation statues limit the duration of corporate existence. 2. Since modern state corporate statutes authorize extremely broad

True or False

1. Virtually all modern state incorporation statues limit the duration of corporate existence.

2. Since modern state corporate statutes authorize extremely broad general purposes clauses, it is fairly unlikely that any corporations activities will be found ultra vires.

3. In the eyes of the law, a corporation is considered a natural person.

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