Promoters of a youth-oriented magazine publishing business substantially complied with each of the mandatory conditions precedent to the incorporation of the business,but they forgot to include the incorporators' addresses in the articles of incorporation.As a result,a(n) ________ corporation was formed.
A) de jure
B) de facto
C) "S"
D) estoppel
Correct Answer:
Verified
Q37: Sharon entered into a preincorporation share subscription
Q38: A(n)_ occurs when a corporation accepts a
Q39: On preincorporation share subscriptions:
A)promoters have no liability.
B)promoters
Q40: Under the Model Business Corporation Act (MBCA),a
Q41: _ are long-term,unsecured debt securities.
A)Options
B)Warrants
C)Bonds
D)Debentures
Q43: According to the MBCA,who amongst the following
Q44: Shares permitted to be issued by a
Q45: According to the Model Nonprofit Corporation Act
Q46: N-Gate Corporation (NGC)was defectively organized.As a result,not
Q47: When the promoters of a business substantially
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