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    Exam 38: Corporationsformation and Financing
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    Eager Beaver Corporation Fails to Hold Its Organizational Meeting to Adopt
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Eager Beaver Corporation Fails to Hold Its Organizational Meeting to Adopt

Question 58

Question 58

Multiple Choice

Eager Beaver Corporation fails to hold its organizational meeting to adopt bylaws. Under this circumstance, Eager Beaver is most likely


A) a corporation by estoppel.
B) a de facto corporation.
C) a de jure corporation.
D) ultra vires.

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