Wings2Go Corporation Fails to Hold an Organizational Meeting

question 52

Multiple Choice

Wings2Go Corporation fails to hold an organizational meeting. In this circumstance, Wings2Go 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:

Pork

Refers to the meat derived from domestic pigs, used for culinary purposes.

Inferior Goods

Goods for which demand decreases as the income of the consumer increases, being replaced by more expensive alternatives.

Income

Income refers to the earnings received regularly from employment or investment sources.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping, indicating that as price decreases, demand increases.