General Awareness Questions

Q.  Which of the following is not true of a corporation?



a. It may sue and be sued
b. It may buy, own, and sell property
c. It may enter into binding legal contracts in its own name
d. The acts of its owners bind the corporation


ANSWER: See Answer
 
A corporation is an organization, usually a group of people or a company, authorized to act as a single entity (legally a person) and recognized as such in law.

The acts of its owners bind the corporation is not true about corporation.
 

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