Asked by arielis reyes on Jul 15, 2024
Verified
Title to corporate property belongs to the shareholders.
Title
Title refers to the legal right to own something, especially land or property, evidenced by a document recorded by a public office.
Corporate Property
Assets owned by a corporation, including physical goods, intellectual property, and financial assets.
Shareholders
Individuals or entities that own one or more shares of stock in a corporation, thus having a financial stake and certain rights in the company.
- Identify the statutory obligations and repercussions associated with corporate bylaws, assets, and liabilities.
Verified Answer
SB
Sujan BhandariJul 22, 2024
Final Answer :
False
Explanation :
Title to corporate property legally belongs to the corporation itself, which is a separate legal entity from its shareholders.
Learning Objectives
- Identify the statutory obligations and repercussions associated with corporate bylaws, assets, and liabilities.