Unformatted text preview: corporation creates a legal or “artificial person” or entity that has standing to sue and be sued, enter into contracts, and perform other duties necessary to maintain a business, separate from its stockholders. The main goal of corporation is to join together the efforts and resources of a large number of individuals for the purpose of producing greater returns than those persons could have obtained individually (Business Law)....
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This note was uploaded on 01/24/2012 for the course ECON 101 taught by Professor Newman during the Spring '11 term at Mt. SAC.
- Spring '11