What term describes a corporation existing in fact but not by right?
A) De jure
B) De facto
C) Ex parte
D) Quasi in rem
Correct Answer:
Verified
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Q8: What term describes partners in name only?
A)
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Q10: What happens during a winding-up period?
A) Value
Q11: What government document brings a corporation into
Q13: What term describes any corporate act done
Q14: What is a common feature of LLCs
Q15: Who manages an LLC?
A) Officers
B) Managers
C) Board
Q16: What other term describes a joint venture?
A)
Q17: What is a characteristic of a joint
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