A corporation has the capacity of continuous existence irrespective of the death, withdrawal, insolvency, or incapacity of the individual members or stockholders and regardless of the transfer of their interest or shares of stock.Group of answer choicesTrueFalse

Since ________ and ownership are separated, a corporation's life is unlimited.Multiple choice question.debttaxationmanagementprofitability

Identify a true statement about the continuity of business in a corporation if one of the entrepreneurs dies or withdraws from the business.Multiple choice question.It leads shareholders to withdraw their shares from the business.It results in the termination of the business.It seldom affects the continuity of the business.It results in the issuance of insurance against liability suits.

The life of a corporation ______.Multiple choice question.ends when all of the original shareholders are deceased.is limited to 65 yearsends when a founding shareholder wants to sell his sharesis unlimited

Which form of organization has a perpetual existence regardless of the changes in its ownership?  A. Corporation  B. Partnership  C. Limited liability partnership (LLP)  D. Sole proprietorship

Which of the following is not a characteristic of a company?a) Perpetual successionb) Common sealc) Unlimited liabilityd) Transferability of shares