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What is created by operation of law in corporation?
One thing created by operation of law in a corporation is the separate legal entity, which means the corporation is considered a legal "person" distinct from its owners. This allows the corporation to enter into contracts, sue and be sued, and own property in its own name. Additionally, the bylaws of a corporation are another key aspect created by operation of law, outlining how the corporation will be governed and managed.
By being a separate legal entity a corporation can sue and be sued This is known as a?
This is known as "legal personality" or "corporate personhood," which allows a corporation to enter into contracts, own assets, incur liabilities, and take legal action in its own name. This separate legal entity status provides protection to shareholders from being personally liable for the corporation's debts and obligations.
Is the Yankees name trademarked?
yes the New York Yankees name is trademarked you could be sued if you were to use the "Yankees" name as your own yes the New York Yankees name is trademarked you could be sued if you were to use the "Yankees" name as your own
Can a corporation own a car and can the name of the Corporation appear in the car title?
Yes
How is a corporation treated as an individual?
A corporation is treated as a legal entity separate from its owners, meaning it can own property, enter contracts, sue, and be sued in its own name. This concept, known as corporate personhood, allows corporations to have rights and responsibilities similar to individuals, such as the ability to protect intellectual property and engage in legal proceedings. However, it also limits the personal liability of shareholders, protecting their personal assets from the corporation's debts and obligations.
Can a shareholder sue a corporation?
No. A stockholder would need to convince the board of directors to vote to take such an action as a corporation. On the other hand, a number of shareholders can sue the board of directors for not taking prudent steps to protect the business and assets of the company.
What if your husband wrecked your car and now you are being sued can you be sued too?
If you own or partially own the car, yes, you can be sued also.
Can a corporation own itself?
A corporation can own itself. There can be just one owner or there can may owners of the corporation.
What mean veil of incorporation?
A company once incorporated becomes a legal personality, a juristic entity, separate and distinct from its members and shareholders and capable of having its own rights, duties and obligation and can sue or be sued in its own name.
Can you be sued if your dog bites a kid in your house?
You can be sued if your dog bits a child in your own house.
Can a minor open or own a corporation?
Typically most states will not allow a minor to open or own a corporation because a minor cannot legally enter into contracts. It may be possible for a minor to own a corporation if it is held and managed by a trustee.
If you sue your own insurance company is it possible other insurance companies will not let you buy a insurance?
Very unlikely, there is no blacklist of those who have sued an insurance company.
