Custom Business Applications Corporation Substantially Complies with All Conditions Prece?dent

question 7

Multiple Choice

Custom Business Applications Corporation substantially complies with all conditions prece?dent to incorpo?ration. Custom Business is most likely

• A) a corporation by estoppel.
• B) a de facto corporation.
• C) a de jure corporation.
• D) ultra vires.

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Definitions:

Financial Account

A component of a country's balance of payments that records transactions of financial assets between residents and non-residents.

Net Transfers

Financial or in-kind transactions without a direct quid pro quo, often seen in government budgets or international aid.

Net Investment Income

The profit gained from investment activities after subtracting all related expenses, such as fees and taxes.

Assets Abroad

Financial holdings or investments located in foreign countries, outside of an investor's home country.