Directors of a Corporation Should Issue Shares as Soon as Possible

Multiple Choice

Directors of a corporation should issue shares as soon as possible after incorporation because

A) bylaws need to be approved by shareholders and so shares must be issued so there are some shareholders.
B) the corporation needs shareholders to start carrying on business.
C) until the shares are issued, the only people who can act for the corporation are the directors. If anything happened to them the corporation would be unable to act.
D) the directors need to be elected by the shareholders.
E) the shares should be issued before the price goes up.