Local Moving Service Holds Itself Out to Customers as Being

question 16

Multiple Choice

Local Moving Service holds itself out to customers as being a corporation but makes no attempt to incorporate. In this circumstance, the outfit is most likely

• A) a corporation by estoppel.
• B) a de facto corporation.
• C) a de jure corporation.
• D) ultra vires.

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Definitions:

Reduced Turnover

A decrease in the rate at which employees leave a company voluntarily and need to be replaced, often resulting from improved job satisfaction and work conditions.

Social Security System

A government program designed to provide financial support to individuals during retirement, disability, or unemployment.

Employee Retirement Income Security Act (ERISA)

A federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.

Mandated Benefit

Benefits that employers are required by law to provide to their employees, such as social security, unemployment, and workers' compensation.