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Eva Enters into an Agreement with Ron to Purchase $5,000

Question 29

Multiple Choice

Eva enters into an agreement with Ron to purchase $5,000 worth of shares in Happy Supermarket Inc.before the incorporation of the Supermarket.The offer is deemed accepted at the moment the supermarket is incorporated.This offer or agreement is also known as _____.


A) the doctrine of ultra vires
B) preincorporation stock subscription
C) statement in lieu of prospectus
D) article of incorporation
E) certificate of incorporation

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