Rural Residential Development Company and Suburban Real Estate Corporation form a joint-stock company. A joint-stock company can be formed f

Rural Residential Development Company and Suburban Real Estate Corporation form a joint-stock company. A joint-stock company can be formed for, at the most, ______________.

A. a perpetual existence.
B. a stated duration of not more than one year.
C. an implied duration of not more than six months.
D. a single activity or transaction.

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  1. Answer: a perpetual existence.

    Explanation: A joint stock company is formed by two or more individuals or independent companies that own parts of the company but still maintain their independent existence.

    A joint stock can last as long as the joint owners need it to last and can only end if the share owners in company decide to legally bring it to an end.

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