A(n) ________ is a corporation that has met the substantial elements of the incorporation process
corporation by estoppel
P corporation
de jure corporation
S corporation
de facto corporation

Question

19-12-2022
Law

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A(n) ________ is a corporation that has met the substantial elements of the incorporation process
corporation by estoppel
P corporation
de jure corporation
S corporation
de facto corporation

Answer :

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contexto065 contexto065 · Answer 1 · 2022-12-21T21:29:18-05:00

Option D, A corporation that has satisfied the essential requirements of the incorporation procedure is said to be a de facto corporation.

A corporation is considered to be de jure if even the state cannot contest the legitimacy of the corporation's existence. A de facto corporation has essentially completed the incorporation procedure, albeit not exactly in the proper manner. When this occurs, other businesses, people, or even the state may file a lawsuit to contest the legitimacy of the corporation. A completely incorporated business is a de jure corporation. The business must have correctly formed a corporation in accordance with all statutory criteria in order to be regarded as de jure.

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A(n) ________ is a corporation that has met the substantial elements of the incorporation process corporation by estoppel P corporation de jure corporation S corporation de facto corporation

Answer :

Other Questions

A(n) ________ is a corporation that has met the substantial elements of the incorporation process
corporation by estoppel
P corporation
de jure corporation
S corporation
de facto corporation