Examlex
Choose the one alternative that best completes the statement or answers the question.
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Corporation by Estoppel
A legal doctrine that prevents a party from denying the corporation's existence for the purposes of a transaction if they have acted as if the corporation existed.
Defectively Organized
Pertains to an entity or arrangement that has been set up with errors in its structure or legal compliance, affecting its validity or functionality.
Purported Shareholders
Individuals or entities that are claimed to hold shares or ownership in a company, possibly without formal recognition.
Conditions Precedent
Specific conditions that must be met before a contract becomes effective or before an obligation to perform is triggered.
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