Multiple Choice
When the promoters of a business substantially comply with each of the mandatory conditions precedent to the incorporation of the business,a(n) ________ corporation is formed.
A) "S"
B) de jure
C) de facto
D) estoppel
Correct Answer:

Verified
Correct Answer:
Verified
Q61: Shares permitted to be issued by a
Q62: Two corporations in a state may have
Q63: When close corporation shareholders want to ensure
Q64: A promoter owes a fiduciary duty to
Q65: Which of the following is included in
Q67: Which of the following is not considered
Q68: Equity securities consist of:<br>A)debentures and promissory notes.<br>B)short-term
Q69: Generally,corporate acceptance of preincorporation subscriptions occurs by
Q70: Mandatory dividend provisions enacted in corporate laws
Q71: Under the MBCA,an incorporator may become jointly