Asked by Amber Glenn on May 10, 2024
Verified
What was the name of the document given to early American corporations by state legislatures that permitted them to operate as a corporation?
A) Certificate of Corporation
B) Organization Agreement
C) Special Charter
D) Domestic Treaty
Special Charter
A specific grant of authority and rights by the state to incorporate a city, corporation, or university, detailing its organization, powers, and privileges.
American Corporations
Organizations incorporated under the laws of the United States, engaging in commercial, industrial, or professional activities.
State Legislatures
The legislative bodies within each of the states in the United States, responsible for creating state laws and policies.
- Comprehend the chronological growth and transformation of American corporations.
Verified Answer
EV
Emily VargasMay 16, 2024
Final Answer :
C
Explanation :
Early American corporations received special charters from state legislatures.
Learning Objectives
- Comprehend the chronological growth and transformation of American corporations.