True or False - A corporation only exists in the contemplation of law (definition of a corporation)?

by **byron92** » Thu Mar 01, 2012 2:12 am

the way you phrased the question , true.

by **fitche** » Thu Mar 01, 2012 2:14 am

That's silly.

Legally, a corporation is a person, a single entity.

Practically, a corporation is a group of people pooled their money (by buying stock) in order to create a company that will, eventually, make a profit and make them each a little more wealthy. Example: most oil companies are owned, in part, by most Americans who have a pension plan: pension plans invest in reliable, aged companies with proven track records and good prospects for profit. If you have a pension, you have a vested interest in the oil companies doing well.

And when a corporation donates to a super-PAC, the reason for it is that they believe that the candidate will improve conditions for the corporation's business... and that means it will improve the finances of the stockholders... who are each voters. Totally cool.

by **egann** » Thu Mar 01, 2012 2:16 am

That is an OLD definition of a CORP
However, I'm in favor if it being the current definition.

Please look at my question

by **choviohoya** » Thu Mar 01, 2012 2:22 am

False, corporations are people.

by **ludano17** » Thu Mar 01, 2012 2:24 am

Do your own poli sci/econ homework. You won't be allowed to use Yahoo Answers for your final exam.

by **abelard29** » Thu Mar 01, 2012 2:31 am

Do your own poli sci/econ homework. You won't be allowed to use Yahoo Answers for your final exam.

False

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