Issuance of certificate of incorporation has ______effectQuestion 10Answera.prima facieb.legal personalityc.liabilityd.limited
Question
Issuance of certificate of incorporation has ______effectQuestion 10Answera.prima facieb.legal personalityc.liabilityd.limited
Solution
The issuance of a certificate of incorporation has a legal personality effect. This means that once a company is incorporated, it becomes a separate legal entity, distinct from its owners. It can own property, enter into contracts, sue and be sued in its own name.
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