A ________ exists when the incorporators fail in some material respect to comply with all the mandatory provisions of the incorporation statute yet comply with most mandatory provisions.
A)de facto corporation
B)corporation by estoppel
C)de jure corporation
D)false corporation

Question

Quizplus · Accepted Answer

A de facto corporation exists when the incorporators fail in some material respect to comply with all of the mandatory provisions of the incorporation statute yet comply with most mandatory provisions.

A ________ Exists When the Incorporators Fail in Some Material