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24-04-2024
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A corporation entered a contract with a customer under the corporation's legal name and entity. Is the contract legally binding on the corporation as a separate legal entity?
a) Yes, but only because the board ratified the contract.
b) No, because a corporation does not have the legal capacity to enter contracts in its own name.
c) Yes, because a corporation has the legal capacity to enter contracts in its own name.
d) No, because the board did not give approval before signing the contract.

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