Quèstion 16 All of the following are characteristics of a corporation, except: O A. O B. OC. It has an indefinite life has one or more owners, and called partners is considered a separate legal entity O D. the owners are not liable for corporation's debts

SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter4: Corporations: Organization And Capital Structure
Section: Chapter Questions
Problem 10DQ
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Question 16
All of the following are characteristics of a corporation, except:
O A.
O B.
OC.
It has an indefinite life
has one or more owners, and called partners
is considered a separate legal entity
O D.
the owners are not liable for corporation's debts
Transcribed Image Text:Question 16 All of the following are characteristics of a corporation, except: O A. O B. OC. It has an indefinite life has one or more owners, and called partners is considered a separate legal entity O D. the owners are not liable for corporation's debts
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