N-Ext Corp

question 12

Multiple Choice

N-Ext Corp.(NEC) was defectively organized.As a result,even a corporation by estoppel could not be formed.As representatives of NEC,Pete (a shareholder manager) and Dave (a nonshareholder manager) made a contract with a vendor for supplying raw materials to NEC.The vendor did not get paid as per the contract.Who is liable in this situation?

• A)NEC
• B)Dave and NEC
• C)Pete,Dave,and the management of NEC
• D)Pete and NEC

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Definitions:

Earn Income

The process of receiving money as payment for work performed, or from investments.

B2C Marketing

Business-to-Consumer marketing, which focuses on selling products and services directly to individual customers.

Place Element

One of the four Ps in the marketing mix, referring to the strategies and processes used to make the product or service available to the target customer.

Marketing Mix

A blend of several marketing elements—including product, price, place, and promotion—used to market and sell a product effectively.