Question

Businesses have most of the same rights as ______________________. They can sue and be sued, they can enter into __________________, and they can own __________________. However, corporations cannot ______________ like you can. a) Individuals, contracts, property, vote b) Governments, treaties, land, compete c) Employees, partnerships, assets, innovate d) Nonprofits, transactions, shares, participate

Answer 1

Businesses, specifically corporations, have most of the same rights as individuals. They can sue and be sued, enter into contracts, and own property. However, corporations cannot vote in political elections, a right reserved for individual citizens.

Step-by-step explanation:

Businesses have most of the same rights as individuals. Similar to individuals, they can sue and be sued, enter into contracts, and own property, such as ownable assets, intangible assets like intellectual property rights, and shares in a corporation. Contracts, which can be understood as legally binding agreements between two or more parties, are often an integral part of the business world. Corporations often fund their operations by issuing bonds and selling stocks to individuals, companies, the government, and other entities.

However, unlike individuals, a corporation or business does not have the right to vote in political elections. This is because corporations are separate legal entities from the individuals who run them, which is a status that affords businesses many advantages, but also some restrictions. This distinction ensures that business entities are held accountable under the law for their actions, usually through financial penalties.

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