Once a Corporation Is Recognized as Existing by the State

question 19

True/False

Once a corporation is recognized as existing by the state, the corporation automatically becomes liable for all contracts that a promoter had entered into on behalf of the corporation.

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Definitions:

Thionyl Chloride

A reactive chemical compound used widely in organic synthesis to convert carboxylic acids into acyl chlorides.

Trans-4-methylcyclohexanol

An organic compound characterized by a cyclohexane ring with a methyl group and hydroxyl group in trans configuration relative to each other.

Organic Product

A substance resulting from an organic reaction, often characterized by its carbon-based structure.

Stereochemistry

The study of the spatial arrangements of atoms in molecules and their effects on the physical and chemical properties of those molecules.