Under the Revised Model Business Corporation Act (RMBCA),corporate Existence Begins

question 27

True/False

Under the Revised Model Business Corporation Act (RMBCA),corporate existence begins when the articles of incorporation are filed with the secretary of state.

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Definitions:

Shipping Point

A location from which goods are dispatched or shipped to the buyer, often used to determine shipping costs and responsibility for the goods during transit.

Customer's Location

The geographical position or address of a customer, which can be important in logistics, service provision, and marketing strategies.

One-Time Price Reduction

A temporary reduction in the price of a product or service, offered only once as an incentive.

Trade Discounts

Discounts on the list retail price offered to channel members.