Finn and glenda want to form and do business as hobby crafts corporation. a corporation is


Finn and Glenda want to form and do business as Hobby Crafts Corporation. This corporation will be recomized under the law as

Answer

Option C) An Artificial person A corporation is a separate legal entity that is independent of the people who own it. It s considered an artificial being, invisible, intangible, and existing only in contemplation of law. A corporation can acquire things such as land or debt in its own name and it can also sue or be sued by someone, and a corporation does have rights of its own. Thus It is recognised under law as an Artificial person. A corporation is not a natural person and it is created by a natural person.

A corporation is not a tangible thing, The corporation lives forever unless notified by law

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