Deepwater Dredging Represents That It Has Corporate Status to Estuary

question 53

Multiple Choice

Deepwater Dredging represents that it has corporate status to Estuary Marina when in fact Deepwater has not incorporated. The parties sign a contract that Deepwater does not perform. Estuary files a suit for breach. The court will likely hold that Deepwater is

• A)a corporation by estoppel.
• B)not a corporation and therefore not liable on the contract.
• C)a de facto corporation.
• D)a de jure corporation.

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Definitions:

Social Media

Platforms that enable users to create, share content, or participate in social networking online.

Short Text Messages

Brief written messages typically sent between mobile phones, using a text messaging service.

Time Restraints

Limitations or constraints placed on the duration within which tasks or activities must be completed.

Annual Meeting

A yearly gathering of stakeholders, such as shareholders of a corporation or members of an organization, to discuss and review the year's activities and outcomes.