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New debt obligations - PowerPoint PPT Presentation

[3](1): Characteristics of a Corporation

[3](1): Characteristics of a Corporation. Separate Legal Identity Corporations can own property, make contracts, and BORROW MONEY Liabilities of shareholders are NOT liabilities for the corporation Perpetual Existence Life of the corporation extends beyond the life span of its shareholders

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New debt obligations - PowerPoint PPT Presentation

[3](1): Characteristics of a Corporation