Ask Question
BusinessBusiness
14 September, 18:30

Which of the following is not a legal characteristic of a corporation? A. Transerferable Shares. B. Perpetual life. C. Legal protection from lawsuits. D. Limited liability

+3
Answers (1)
  1. 14 September, 18:48
    0
    A corporation is a separate entity where the owners are called stockholders. Its legal characteristics are as follows. First, perpetual life where it can continue to function even if one stockholder dies. Second, the stockholder can transfer his shares to another person. Third, the corporation can only offer its corporate assets to creditors and personal assets of the stockholder is not part of the corporation. Therefore, the answer is C, which states that corporation has a legal protection from lawsuits where in fact, a corporation can sue and be sued.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following is not a legal characteristic of a corporation? A. Transerferable Shares. B. Perpetual life. C. Legal protection ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Morphological types become useful temporal types if their frequencies change significantly through time and they are restricted in time. true
Answers (1)
Inflation can be measured by the a. change in the consumer price index. Inflation in the U. S. has averaged about 2.5% over the last 80 years. b. change in the consumer price index. Inflation in the U. S. has averaged about 4% over the last 80 years.
Answers (1)
9) What is the dominant strategy for bidders in an English oral auction?9) A) Bid until the previous bid price equals the reservation price of the last bidder. B) Keep bidding until all other bidders quit, regardless of your reservation price.
Answers (1)
Which of the following laws grants you the right to know what is in your credit file? A. Fair Credit Reporting Act B. Truth-in-Lending Act C. Credit Card Act of 2009 D. Fair Credit Billing Act
Answers (1)
James Corporation is planning to issue bonds with a face value of $500,000 and a coupon rate of 6 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31.
Answers (1)
New Questions in Business
Assume that total costs assigned to the setup activity cost pool in March are $120,000 and 100 setups were completed in March. Further, assume that during March machines were setup 20 times to make product X5.
Answers (1)
The accounting cycle starts with a. closing out the periodic accounts. b. recording the transaction based on the information in a source document. c. preparing the financial statements. d. preparing the adjusting entries.
Answers (1)
Ratemakers at ABC Insurance Company calculated the pure premium to be $280 for a risk they were considering insuring. What is the gross rate for this risk, assuming a 30 percent expense ratioA) $364 B) $400 C) $430 D) $520
Answers (1)
When plant assets are purchased as a group in a single transaction for a lump-sum price, the cost of the purchase is allocated among the different types of assets acquired based on their relative market values. true or false
Answers (1)
What are the security and management issues concerning virtual offices, especially hooked up into large virtual networks?
Answers (1)
Home » Business » Which of the following is not a legal characteristic of a corporation? A. Transerferable Shares. B. Perpetual life. C. Legal protection from lawsuits. D. Limited liability
Sign Up Forgot Password?