Question

Which of the following statements is true about corporations?

a. The death of the owner dissolves the corporation.
b. Corporations can hold title to property.
c. The owner can be sued and put in prison, thus dissolving the corporation.
d. They can be found criminally liable but not civilly liable.

Answer 1

b. Corporations can hold title to property.

Step-by-step explanation:

Corporations are legal entities that are separate from their owners or shareholders. They have the ability to own property, enter into contracts, and engage in various legal and financial transactions. This characteristic of corporations is known as "legal personality" or "corporate personhood." As a result, corporations can hold title to property, acquire assets, and be party to legal agreements.