BCT Bookstore, Inc. is a going concern, a closely held corporation; but somehow the three shareholders' attorney forgot to file the articles of incorporation. Carol has contributed the deed to her real estate to BCT Bookstore, Inc., and the deed is duly filed in the country registry. A few months later, before the articles are finally filed, she has an argument with Bob and Ted, and decides she wants her land back. Will she prevail in a lawsuit against Bob, Ted, and BCT Bookstore, Inc?
A) No, because it is probably an S corporation.
B) Yes, because it is a defacto corporation
C) No, because she has pierced the corporate veil.
D) Yes, because she is one of the incorporators of BCT Bookstore, Inc.
E) No, because she is estopped from denying the existence of the corporation.
Correct Answer:
Verified
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