Asked by
Keleen Ashmead
on Dec 18, 2024Verified
Enterprise Inc. was incorporated with a few minor errors but has substantially met the requirements of the state incorporation statute. This is known as a(n) ________.
A) de jure corporation
B) de facto corporation
C) estopped corporation
D) veiled corporation
E) ineffective corporation
De Jure Corporation
A corporation that is fully in compliance with all state laws and therefore officially recognized as a legal entity.
De Facto Corporation
A company that operates as if it were legally incorporated, despite not having completed the necessary incorporation processes, and may thus be treated as a corporation in many contexts.
- Discern the legal effects of improper incorporation, including the principles of de facto and de jure corporations.
Verified Answer
NK
Learning Objectives
- Discern the legal effects of improper incorporation, including the principles of de facto and de jure corporations.
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