Formation: Acts Self-Quiz

 

 

 

 

 

 

 

Probably the most important function of the first organizational meeting of a corporation is
Choice 1 drafting the articles of incorporation
Choice 2 specifying the nature and purpose of the corporation
Choice 3 adopting the corporation bylaws and electing directors
Choice 4 chartering the corporation
If a corporation has substantially complied with all the conditions precedent to incorporation, the corporation is said to have
Choice 1 de facto existence
Choice 2 ultra vires existence
Choice 3 de jure existence
When an individual tricks another into believing that a corporation exists, a court may recognize a
Choice 1 de jure corporation
Choice 2 de facto corporation
Choice 3 corporation by estoppel
Choice 4 corporation by charter

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