Which of the following is correct regarding a foreign corporation?
A) A foreign corporation is incorporated in a foreign country.
B) Failure to obtain a certificate of authority to transact business in the state impairs the validity of a contract entered into by the corporation.
C) A foreign corporation transacting business within a particular state without having first qualified cannot use the state court to maintain a lawsuit until the corporation obtains a certificate of authority.
D) All of the above are correct.
Correct Answer:
Verified
Q33: The City of Chicago would best be
Q41: Which of the following is NOT a
Q46: Corporations have achieved dominance in which of
Q48: The case of Harris v. Looney dealt
Q51: Which of the following is the basic
Q52: All of the following are true of
Q52: Which of the following may be used
Q54: Which of the following may influence a
Q64: Corporate powers granted by the RMBCA include
Q79: Bill Bonney, the sole stockholder of Kidd
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents