Asked by Samantha Rader on Jul 09, 2024
Verified
A(n) ________ is created when people hold themselves out as representing a corporation and a court will prevent them from denying that a corporation exists.
A) de facto corporation
B) de jure corporation
C) corporation by estoppel
D) equitable corporation
Corporation by Estoppel
A legal doctrine that prevents a party from denying the corporate status of an entity when they have treated it as a corporation.
De Facto Corporation
A company treated as legally incorporated, despite not having completed all required incorporation procedures, based on its actions or intentions to operate as a corporation.
De Jure Corporation
A corporation that has been lawfully established following the required statutes.
- Familiarize yourself with the notion and obligations of a de facto corporation.
Verified Answer
Learning Objectives
- Familiarize yourself with the notion and obligations of a de facto corporation.
Related questions
Which of the Following Is Not a Requirement for a ...
Pamela Is a Corporate Promoter for Nulla Corporation,a Corporation Yet ...
Which of the Following Occurs at a Corporation's Organization Meeting ...
What Are the Six Express Corporate Powers, as Set Forth ...
Discuss the Rights of Corporations, If Any, to Due Process ...