Quixotic Company Claims to Be a Corporation but It Is

question 40

Multiple Choice

Quixotic Company claims to be a corporation but it is not.Rachel signs a con?tract with Quixotic that is not performed.In Rachel's suit against Quixotic,a court will likely recognize the firm as

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

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Definitions:

Value At Risk

A financial metric used to estimate the potential loss in value of a portfolio over a defined period for a given confidence interval.

Extreme Negative Returns

Significantly below-average returns, often considered outliers, that can severely impact an investment's overall performance.

Expected Shortfall

A risk measure that estimates the expected loss of a portfolio in the worst-case scenario of a given percentage of times.

Lower Partial Standard Deviation

A measure of the downward variation or downside risk of an asset's returns, focusing only on returns that fall below a minimum threshold or target.