Question

Which of the following is not true of a corporation? a. It may buy, own, and sell property. b. It may sue and be sued. c. The acts of its owners bind the corporation. d. It may enter into binding legal contracts in its own name.

Answer 1

Answer:

C. The acts of its owners bind the corporation.

Explanation:

Corporation in management can described as a group of an organization, this could be a company that carry out some specific role and are legally formed. Corporation may be formed because they want to be making gains or otherwise however, they posses their shareholders. It should be noted that a corporation may buy, own, and sell property, It may sue and be sued.

Therefore, from the question all the given options are true about corporation expect ""The acts of its owners bind the corporation. d. It may enter into binding legal contracts in its own name"".