Which of the Following Is Correct Regarding a Foreign Corporation

question 24

Multiple Choice

Which of the following is correct regarding a foreign corporation?

• A) A foreign corporation is incorporated in a foreign country.
• B) Failure to obtain a certificate of authority to transact business in the state impairs the validity of a contract entered into by the corporation.
• C) A foreign corporation transacting business within a particular state without having first qualified cannot use the state court to maintain a lawsuit until the corporation obtains a certificate of authority.
• D) All of these are correct.

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Definitions:

Chinese Yuan

The official currency of the People's Republic of China, used as the medium of exchange for goods and services within the country.

Currency Devaluation

The reduction of a currency's value in relation to foreign currencies, deliberately enacted by a country's government or monetary authority.

Import Consumers

Individuals or entities that bring goods or services into a country from abroad for domestic consumption.

More Expensive

Describing the condition of having a higher price compared to other options or the past pricing of the same item.