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20 June, 20:00

A corporation has perpetual life, until one of its shareholder dies.

a. True

b. False

+2
Answers (1)
  1. 20 June, 20:06
    0
    b. False

    A corporation has perpetual life, as death or retirement of a shareholder does not cause necessary a termination of the corporation. A corporation can also finish its life for other reasons such as bankruptcy. A corporation is one form of business that people could form, other includes as examples franchises or LLC.
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