Even If the Incorporators Omit Important Steps,it Is Still Possible

question 20

True/False

Even if the incorporators omit important steps,it is still possible for a court,under estoppel principles,to treat the business as a corporation.

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Definitions:

Altruism

The selfless concern for the well-being of others, often resulting in acts that prioritize others' needs over one's own.

Diffusion Of Responsibility

A sociopsychological phenomenon where individuals in a group are less likely to take action or feel a sense of responsibility in the presence of others.

Ingroup Bias

The tendency to favor and extend loyalty to one's own group over others, often leading to prejudice and discrimination.

Epileptic Seizure

A sudden surge of electrical activity in the brain causing changes in behavior, movements, feelings, or levels of consciousness, associated with epilepsy.