Multiple Choice
When does a corporation become a party to contracts made by the person forming a corporation?
A) When the corporation is incorporated.
B) When the 50% of the stock is sold.
C) When the corporation approves contracts made by the person forming the corporation.
D) When the other parties to the contracts approve the corporation's existence.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: Which of the following best describes bylaws?<br>A)They
Q11: Statutes frequently require a corporation's name to
Q12: A(n)corporation is one that is formed
Q13: A corporation that is incorporated in
Q14: The powers of public corporations may be
Q15: A subscription agreement is written agreement to
Q16: What are the three types of powers
Q17: After it is incorporated, a corporation cannot
Q18: Any contract entered into by a corporation
Q20: A corporation can be organized in any