If a party enters into a contract believing in good faith that the corporation exists,he cannot later take advantage of the fact that it does not.

Question

Quizplus · Accepted Answer

This statement is in accordance with the principle of estoppel, which prevents a party from denying the existence of a fact or state of affairs that they had previously accepted. If a party enters into a contract with a corporation believing in good faith that it exists, they cannot later claim that the corporation does not exist in order to avoid their obligations under the contract.

If a Party Enters into a Contract Believing in Good