The Formation of a Corporation Requires Filing a Special Form

question 123

True/False

The formation of a corporation requires filing a special form with the provincial or federal government.

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Definitions:

Pay Note

A written promise to pay a specified sum of money to a designated party, also known as a promissory note.

Negotiable Instrument

A written promise or order to pay a specific amount of money that can be transferred by endorsement or delivery, such as checks and promissory notes.

Claim Negligence

The legal accusation that a party failed to exercise a reasonable standard of care, resulting in harm or damage to another.

Dishonor

The refusal or inability of an entity to fulfill a financial obligation, such as a check or bill.