Multiple Choice
The possible consequences of a defective incorporation include which of the following?
A) The state may bring an action against the association for involuntary dissolution.
B) A third party may assert that it is not liable to the association.
C) The associates are held personally liable to a third party.
D) All of these are possible consequences.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: A corporation formed in substantial compliance with
Q33: Name the classifications of corporations.
Q56: The "corporate veil" is most likely to
Q71: Use of "Stewart and Woods, Ltd." as
Q72: All of the following are characteristics of
Q73: The case of Harris v. Looney dealt
Q74: Identify and give the basic characteristics of
Q76: All of the following are true of
Q77: Carroll, Daniels, and Elmore organized their veterinary
Q79: A benefit corporation must periodically report on