A Corporation Formed in Substantial Compliance with the Incorporation Statute

question 57

Multiple Choice

A corporation formed in substantial compliance with the incorporation statute and the required organizational procedures is a:

• A) de jure corporation.
• B) private corporation.
• C) de facto corporation.
• D) corporation by estoppel.

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Definitions:

Perception Of Threat

The feeling or assessment that a situation, individual, or group poses a potential danger or harm.

Extreme Inertia

A condition where an organization or individual exhibits an excessive resistance to change, leading to stagnation or failure to adapt to new situations.

Organizational Change

The process by which organizations adapt to external or internal pressures by modifying their structures, strategies, processes, or cultures.

Organization's Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or institution.