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1954873726473946058elSBN-97813373869998id-4389320168snapshotld Q Search this course Project Repat is classified as a(n) few people own shares of its stock. Oa. open corporation Ob. S corporation Oc. closed corporation Od. B corporation because only a Project Repat has a corporate charter. Which of the following would NOT likely be found in a corporate charter? Oa. The maximum amount of stock and types of stock to be issued 21 Skip Submit Answer
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Answer #1


When a few people own shares of the entire stock of a corporation then such corporation is regarded as closed corporation.

In the given case, only a few people own shares of the stock of Project Repat.

Therefore,

Project Repat is a closed corporation.

Hence, the correct answer is the option (c).

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