Where a corporation is properly formed, it is called a corporation: ______.

Question

Quizplus · Accepted Answer

A corporation that is formed properly and has met all the requirements for incorporation is considered a de jure corporation. This means that it is recognized as a legal entity by the state and has all the rights and obligations that come with being a corporation. Option A (di giorno) is not a recognized term for corporations, option B (de facto) refers to a situation where a corporation is not formed properly but is still recognized as existing by the state, and option D (by estoppel) refers to a situation where a party is prevented from denying a fact because of their previous actions or statements.

Where a Corporation Is Properly Formed, It Is Called a Corporation