Asked by Tishera Brooks on Apr 25, 2024
Verified
Which of the following is correct about the history of corporations?
A) In the late 18th century,general incorporation statutes emerged in the United States.
B) From the 18th century onward,France started giving privileges of incorporation to mercantile ventures.
C) Early American corporations received special privileges from state legislatures.
D) In England,the corporate form was used extensively after the 16th century.
Incorporation Statutes
Laws that govern the formation, operation, and dissolution of corporations.
Special Privileges
Rights or advantages granted to specific individuals or groups, often at the expense or exclusion of others, typically in legal, political, or social contexts.
State Legislatures
The legislative bodies in each of the states within the United States, responsible for making, amending, and repealing state laws.
- Acquire knowledge about the history and progression of corporations in America.
Verified Answer
DP
Debasis Padhi7 days ago
Final Answer :
A
Explanation :
In the late 18th century,general incorporation statutes emerged in the United States.Initially,these statutes permitted incorporation only for limited purposes beneficial to the public.Incorporation was still viewed as a privilege,and many restrictions were placed on corporations.
Learning Objectives
- Acquire knowledge about the history and progression of corporations in America.