A Corporation Formed in Substantial Compliance with the Incorporation Statute

question 50

Multiple Choice

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

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

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Definitions:

Reabsorption

Reabsorption is a biological process in which substances are taken back into the body's tissues, particularly referring to the recovery of water and solutes during filtration in the kidneys.

Dopamine

A neurotransmitter in the brain that plays a critical role in reward, motivation, and pleasure.

Cocaine

A powerful and addictive stimulant drug derived from the leaves of the coca plant, which affects the central nervous system.

Psychosis

A severe mental health disorder characterized by disconnection from reality, which may include hallucinations, delusions, and impaired thoughts.