Eager Beaver Corporation fails to adopt bylaws.Under this circumstance,Eager Beaver is most likely

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A de facto corporation is a corporation that has not followed all legal formalities to establish its existence, but its actions are such that it appears as if it is a valid corporation. Since Eager Beaver Corporation has failed to adopt bylaws, it would not be considered a de jure corporation, which is a corporation that has fully complied with all legal requirements for incorporation. Eager Beaver Corporation would also not be considered a corporation by estoppel, which is a corporation that is deemed to exist by court order due to the actions or representations made by its owners. Ulta vires refers to actions taken by a corporation that are beyond its legal power or authority, which is not relevant to this scenario.

Eager Beaver Corporation Fails to Adopt Bylaws