Eager Beaver Corporation fails to hold an organizational meeting.In this circumstance,Eager Beaver is most likely

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A de facto corporation is one that has not fully complied with all legal requirements for incorporation, but has acted as if it were a corporation and has been recognized as such by others. In this case, Eager Beaver Corporation has failed to hold an organizational meeting, which is a legal requirement for incorporation. However, it may have still been carrying out business activities and may be recognized as a corporation by those with whom it has interacted. Therefore, it is most likely a de facto corporation.

Eager Beaver Corporation Fails to Hold an Organizational Meeting