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Why is it possible for a corporation to enter into​ contracts, acquire​ assets, incur​ obligations, and enjoy protection against the seizure of its​ property?

Why is it possible for a corporation to enter into​ contracts, acquire​ assets, incur​ obligations, and enjoy protection against the seizure of its​ property?
asked 220k views
4 votes
Why is it possible for a corporation to enter into​ contracts, acquire​ assets, incur​ obligations, and enjoy protection against the seizure of its​ property?

asked
User Bibek Oli
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7.7k points

1 Answer

6 votes

Answer:

It is a legally defined, artificial entity that is separate from its owners.

answered
User Sefan
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