Ace The Introductory Business Law CLEP 2025 – Smash Your Way to Success!

Question: 1 / 400

What type of law covers relationships between groups of persons, such as corporations and shareholders?

Commercial Law

Criminal Law

Contract Law

Corporate Law

Corporate Law covers relationships between groups of persons, specifically corporations and shareholders. This type of law deals with the creation, management, and dissolution of corporations, as well as how they interact with their shareholders. It also covers matters such as corporate governance, mergers and acquisitions, and securities regulations. Options A (Commercial Law) and C (Contract Law) may involve relationships between groups of individuals, but they do not specifically pertain to corporations and shareholders. Option B (Criminal Law) primarily deals with crimes and offenses committed by individuals. Therefore, option D (Corporate Law) is the most appropriate answer for this question.

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