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A legal entity with a life separate from its owners, who are not personally liable, is a:
ACorrelation
BCorroboration
CCorporation
DCooperation
Answer & Solution
Correct answer: C. Corporation
1. It exists in law by itself.
2. The owners' personal assets stay safe.
3. It is a corporation.
_Source: OpenStax Introduction to Business, Chapter 4, Forms of Business Ownership._
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