A De Facto Corporation

question 28

Multiple Choice

A de facto corporation:

• A) could not be challenged by a third party.
• B) existed when the promoters substantially complied with all mandatory provisions.
• C) did not exist when there was an honest attempt to comply with the mandatory provisions of the corporate statute.
• D) was permitted to deny its corporate existence.

---

Definitions:

Imported Tires

Tires that are manufactured outside a country and are brought in through trade.

Stimulus Plan

A package of economic measures put together by a government to stimulate a floundering economy.

Immigration

The action of coming to live permanently in a foreign country.

Foreign Tourists

Visitors from other countries who travel to a different country for leisure, business, or other purposes, contributing to the host country's economy.