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

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

a)The number of owners, and hence the spread of risk among these owners, is not limited.

B)Its owners are liable for any obligations it enters into.

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

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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Diner 64, Inc. This case study must be completed in Excel program using the formats provided in this workbook. Objectives: 1. Practice the steps involved in the Accounting Cycle 2. Practice...

7) Joe is a general partner in a limited partnership firm, while Jane is a limited partner in that same firm. Which of the following statements regarding their respective relationships to the firm is...

please answer all parts of the question and i will give you a thumbs up Homework: Homework Ch. 1 Question 1, P 1-1 (book/static) What the most important difference between a corporation and all...

please answer all parts of the question and I will give you a thumbs up thank you HW Score: 25%, 3.9 of 15 0 Homework: Homework Ch. 1 Question 1, P 1-1 (book/static) points Points: 0 of 1 Save What...

Why is it possible for a corporation to enter into contracts, acquire assets, incur obligations, and enjoy protection against the seizure of its property? OA. The state in which a corporation is...

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

Question content area top 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? Question...

Why is it possible for a corporation to enter into contracts, acquire assets, incur obligations, and enjoy protection against the seizure of its property? (1 mark) How do the shareholders of most...

why us it possible for a corporation to enter into contracts, acquire assets incurred obligations and enjoy protection against the seuzure of its property

Do the reading assignment and then look up KRS 275.520 and read its text.Then answer the questions below. Fully explain your answers: 1.What is the taxation advantage of a LLC as opposed to a...

Building and Construction BSBSMB401 Establish legal and risk management requirements of small business Learner Materials and Assessment Tasks Table of Contents About BSBSMB401 Establish legal and...

The machine component shown is fabricated from 0.08-in.-thick sheet steel. Knowing that the specific weight of steel is 490 lb/ft3, determine the mass moment of inertia of the component with respect...

Read the below statements carefully and determine whether the statements is True or False. 1. During the last financial year, Public Berhad acquired 44% of the issued share capital of Immas Berhad....

When you do the solution can you write step by step and as much details as possible please.Also can you do all of the tables? I want to see clear everything and can you write the solution on the...

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

3. Identify challenges to good listening and their remedies

4. Identify ethical factors in the listening process

2. On a blank piece of paper, begin listing all the co-cultures to which you belong. How many can you come up with? How do they overlap? If someone asked you to identify yourself by using only one of...