Choose the One Most Appropriate Answer for Each

question 41

Multiple Choice

Choose the one most appropriate answer for each.
-Homo sapiens

• A)shorter than modern humans, but stood upright; stocky body adapted to colder climates
• B)arose in Africa about 2 million years ago; had a significantly larger brain than earlier hominins and a gait similar to modern humans
• C)modern humans since 195,000 years ago
• D)Lucy; lived about 3.2 million years ago

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Definitions:

De Facto Corporation

A company that operates as if it were legally incorporated, even though it has not completed the necessary legal formalities and documentation.

Corporation By Estoppel

Corporation by estoppel is a legal doctrine preventing someone from denying a business's corporate status when they have treated it as a corporation in previous transactions.

Novation

In a contract, the substitution of a third party for one of the original parties. The duties remain the same under the contract, but one original party is discharged and the third party takes that original party’s place.

Implied Corporate Powers

Powers not explicitly stated in a corporation's charter or bylaws but are necessary to conduct the day-to-day operations.