Deepwater Dredging Company Holds Itself Out to Others as Being

question 27

Multiple Choice

Deepwater Dredging Company holds itself out to others as being a corporation but makes no attempt to incorporate. Estuary Marina signs a contract with Deepwater that is not performed. Estuary Marina files a suit against the firm. The court will likely hold that Deepwater is​

• A) ​a corporation by estoppel.
• B) an alien corporation.
• C) an S corporation.
• D) ultra vires.

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Definitions:

Exclusive Studio Contracts

Agreements where an actor or director commits exclusively to work for a single movie studio for a specified period, common in the early to mid-20th century Hollywood.

Production Code Administration

The organization responsible for enforcing the Hollywood Production Code, which dictated moral guidelines for films from 1934 to 1968.

Foreign-Made Negative Pickups

A financing arrangement where a studio agrees to purchase a film's negative rights after it is completed by a foreign producer.

B Movies

Low-budget commercial movies not intended as the main feature in a double screening, often genre films with exploitation themes.