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
Correct Answer:
Verified
Q11: Public corporations are also known as _
Q21: Which of the following is true of
Q24: Differentiate publicly held corporations from closely held
Q24: A corporation that exists in fact,though it
Q25: _ are individuals who take the steps
Q25: A municipal corporation:
A)is not organized for profit.
B)has
Q26: Which of the following is true of
Q29: State atleast four differences between partnerships and
Q30: The ultimate goal of the incorporation process
Q32: Delta Inc.,a large private corporation that deals
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