A corporate dissolution

A. terminates the corporate existence for all purposes.
B. terminates the corporate existence except for certain purposes such as winding up the affairs of the corporation and liquidating the corporation’s assets.
C. cancels the debts and obligations of the corporation.
D. is always involuntary.


B. terminates the corporate existence except for certain purposes such as winding up the affairs of the corporation and liquidating the corporation’s assets.

Business

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What will be an ideal response?

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