Deepwater Dredging Company holds itself out to others as being a corporation but makes no attempt to incorporate. Estuary Marina signs a contract with Deepwater and Deepwater fails to perform. Estuary Marina files a suit against the firm. The court will likely hold that Deepwater is

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Deepwater Dredging Company is likely to be considered a corporation by estoppel because it held itself out as a corporation and Estuary Marina relied on that representation when entering into the contract.

Deepwater Dredging Company Holds Itself Out to Others as Being