Question

Establishes the power and authority of the community Association

Establishes the corporate entity that is responsible for management, maintenance and operation of the community association
Is based in corporate law
a. true
b. false

Answer 1

The power and authority of a community association are not established based on corporate law, but as a non-profit organization.

Step-by-step explanation:

The option 'b. false' is correct. A community association is typically not established based on corporate law. Instead, it is usually formed as a non-profit organization. Non-profit organizations, such as civic and community organizations, have a similar structure to corporations, but they are not focused on making a profit. These organizations aim to provide goods and services to their members or participants to improve their lives or achieve specific outcomes, like education or health.