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Author Question: Franchising is seldom used to move into foreign markets. Indicate whether the statement is true or ... (Read 77 times)

frankwu

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on: Jul 14, 2018
Franchising is seldom used to move into foreign markets.
 
 Indicate whether the statement is true or false

Question 2

What does it mean when someone says that a corporation is an artificial person created by law? In your answer, describe some things that an artificial person and a real person like you could both do.


angrybirds13579

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Reply #1 on: Jul 14, 2018
Answer to Question 1

False

Answer to Question 2

In an 1819 Supreme Court decision, Chief Justice John Marshall spoke of a corporation as an artificial person, invisible, intangible, and existing only in contemplation of the law. The corporation is an artificial person created by the law and includes most of the following rights:
 The right to start and operate a business
 The right to buy or sell property
 The right to borrow money
 The right to sue or be sued
 The right to enter into binding contracts


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