The owners of a corporation are called: principals officers none of the other ch
ID: 357508 • Letter: T
Question
The owners of a corporation are called:
principals
officers
none of the other choices
shareholders
partners
QUESTION 26
If the buyer is willing to accept nonconforming goods:
none of the other choices are correct
buyers may never accept nonconforming goods
the goods must only be paid for if the nonconformance does not interfere with function
the goods need not be paid for
the contract must be rewritten
QUESTION 27
The award to a prevailing party in suit for breach of contract to recover costs incurred due to relying on the promise of the other party is called:
punitive damages
nominal damages
liquidated damages
none of the other choices
mitigation damages
a.principals
b.officers
c.none of the other choices
d.shareholders
e.partners
Explanation / Answer
The correct answer is option a.
Corporation is a group of people or company that act as a single person or entity that offer benefits like liability protection and additional tax deduction. The owners or investors of a corporation is referred as principals.
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