The Possible Consequences of a Defective Incorporation Include Which of the Following

question 62

Multiple Choice

The possible consequences of a defective incorporation include which of the following?

• A)The state may bring an action against the association for involuntary dissolution.
• B)A third party may assert that it is not liable to the association.
• C)The associates are held personally liable to a third party.
• D)All of the above.
• E)None of the above.

---

Definitions:

Natural Law

A body of allegedly existing ethical rules or principles that is morally superior to positive law and that prevails over positive law in case of a clash between it and the natural law.

Law and Morality

The relationship and interaction between legal principles and moral ethics, examining how legal systems align or conflict with societal moral standards.

Higher Reason

A superior or more compelling rationale or justification, often relating to moral or ethical considerations.

Uniform Acts

A collective name for legislation developed to standardize state laws in the United States, designed to reduce discrepancies across state boundaries.