Most incorporation statutes have adopted an intermediate position regarding the revocability of preincorporation subscriptions, making them irrevocable for a stated period without regard to whether they are supported by consideration.
Correct Answer:
Verified
Q33: In many states, the services of the
Q34: Most states have special incorporation statutes governing
Q35: A preincorporation subscription is an offer to
Q36: Estoppel may create a corporation.
Q37: The "corporate veil" is most likely to
Q39: Shareholders do not have limited liability for
Q40: The Revised Act provides that at least
Q41: The case of Harris v. Looney dealt
Q42: Which of the following may influence a
Q43: Whether a corporation is a de facto
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents