Question

Stout argues that corporations are not owned by shareholders but their existence and behavior is determined by:

A) legal rules and corporate charters
B) by laws,
C) state corporate case law and statutes,
D) private contracts,
E) federal regulations.

Answer 1

Corporations are owned by shareholders and their existence and behavior are determined by legal rules, corporate charters, by laws, state corporate case law and statutes, private contracts, and federal regulations.

Step-by-step explanation:

A corporation is a business owned by shareholders who have limited liability for the company's debt but share in its profits and losses. The existence and behavior of corporations are determined by a combination of legal rules and corporate charters, by laws, state corporate case law and statutes, private contracts, and federal regulations.