Under the Revised MBCA's Liability Rules for Defective Incorporation

question 4

Multiple Choice

Under the revised MBCA's liability rules for defective incorporation:

• A)the filing of the articles of incorporation,evidenced by a return of the copy stamped by secretary of state,is conclusive proof of incorporation.
• B)liability will never be imposed on promoters who participated in management and policy decisions.
• C)the issuance of the certificate of incorporation is conclusive proof of incorporation to the corporate status,except a quo warranto action brought by the secretary of state.
• D)managers will be released from any liability in excess of their initial investment. The filing of the articles of incorporation,evidenced by the return of the copy stamped by the secretary of state,is conclusive proof of incorporation under the revised MBCA.

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Definitions:

Proteins

Large molecules composed of amino acids, essential for the structure, function, and regulation of the body's tissues and organs.

Protein-digesting Enzyme

An enzyme that breaks down proteins into smaller peptides or amino acids, essential for the digestion and absorption of protein.

Pancreatic Lipase

An enzyme produced by the pancreas that breaks down fats into fatty acids and glycerol during digestion.

Trypsin

An enzyme that breaks down proteins in the digestive system, predominantly found in the small intestine.