Social Studies, 04.12.2019 05:31 sarah192002
In college, you and fifteen of your friends pool your resources and buy a house. you create a corporation, then each friend buys shares in the corporation, and then you all sign lease agreements for different rooms in the house. you can’t take out a loan based on the room that you own, but the corporation can borrow money on a blanket mortgage, in which case you would be jointly and severally liable on the loan. this type of co-ownership is best described as a
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