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Complete the statement of law: 'A statute authorising the ____ of corporations for the purpose of…

The passage concerns a statute authorising the "formation" of corporations for any lawful enterprise, business, pursuit or occupation, not their "destruction", "dissolution"…

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Complete the statement of law: 'A statute authorising the ____ of corporations for the purpose of engaging in any lawful enterprise, business, pursuit, or occupation, is not restricted in meaning to a scheme for making money, but includes any object consistent with the interest of society.'

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Correct answer C

The passage concerns a statute authorising the "formation" of corporations for any lawful enterprise, business, pursuit or occupation, not their "destruction", "dissolution" or "reconstruction".

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