Basic Financial Accounting Short Questions: Which of the following is NOT true of a corporation?
Select one alternative:
A The acts of its owners bind the corporation
B It may buy, own and sell property
C It may enter into binding legal contracts in its own name
D It may sue and be sued

Question

Which of the following is NOT true of a corporation? 
Select one alternative:
A The acts of its owners bind the corporation
B It may buy, own and sell property
C It may enter into binding legal contracts in its own name
D It may sue and be sued

Gonza R · Accepted Answer

A The acts of its owners bind the corporation

Basic Financial Accounting Short Questions

Which of the following is NOT true of a corporation? Select one alternative: A The acts of its owners bind the corporation B It may buy, own and sell property C It may enter into binding legal contracts in its own name D It may sue and be sued

A The acts of its owners bind the corporation

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