Under the Model Business Corporation Act (MBCA), a Subscription to Buy

question 35

Multiple Choice

Under the Model Business Corporation Act (MBCA) , a subscription to buy stock in a corporation that is not yet in existence is usually treated as a(n) _____ until incorporation is completed.

• A) offer
• B) promissory bid
• C) acceptance
• D) illegal bond

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Definitions:

Homogamy

The tendency of people to marry others who have similar personal characteristics.

Marital History

A record or account of an individual's past marriages, including any divorces, separations, or widowed status.

Homogamy

The practice or tendency to marry someone who is similar in cultural background, social status, religion, ethnicity, or age.

Personal Characteristics

Attributes or features that define an individual’s unique personal identity, including traits, habits, and talents.