Asked by Samantha Rader on Jul 09, 2024

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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.
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TB
Taziana BluntJul 10, 2024
Final Answer :
C
Explanation :
When people hold themselves out as representing a corporation or believe themselves to be dealing with a corporation,a court will estop those people from denying the existence of a corporation.This is called corporation by estoppel.