When does a corporation become a party to contracts made by the person forming a corporation?
A) When the corporation is incorporated.
B) When the 50% of the stock is sold.
C) When the corporation approves contracts made by the person forming the corporation.
D) When the other parties to the contracts approve the corporation's existence.
Correct Answer:
Verified
Q1: Which of the following does NOT determine
Q2: Any contract entered into by a corporation
Q3: A corporation can be organized in any
Q4: A(n)corporation is one that is formed
Q5: Certificates called shares of stock represent ownership
Q7: A not-for-profit corporation usually issues stock.
Q8: A subscription agreement is written agreement to
Q9: Which of the following is not true
Q10: After it is incorporated, a corporation cannot
Q11: Statutes frequently require a corporation's name to
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