Question

What is a corporate charter?



a.

grants rights, privileges, and powers to charters

c.

the laws that govern corporations


b.

charter that defines responsibilities of a corporation

d.

employee union contracts

Answer 1

DEFINITION of 'Corporate Charter' A written document filed with a U.S. state by the founders of a corporation detailing the major components of a company such as its objectives, its structure and its planned operations. If the charter is approved by the state government, the company becomes a legal corporation.

Answer 2

B