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:

Centrioles

Cylindrical cell structures involved in the process of cell division and in the organization of microtubules in the cell.

Microtubule-Organizing Center

A cellular structure important for the nucleation, anchoring, and organization of microtubules.

Plant Cells

The basic structural and functional units of plants, characterized by a rigid cell wall, chloroplasts for photosynthesis, and a large central vacuole for storing water and other substances.

Cytokinesis

The process in which the cytoplasm of a single eukaryotic cell is divided to form two daughter cells after mitosis or meiosis.