Before a Corporation Comes into Existence, It _____

question 7

Multiple Choice

Before a corporation comes into existence, it _____.

• A) can be liable as principal
• B) cannot ratify a contract made by the promoter
• C) is illegal to pay promoters for their services
• D) is liable if the board acts to adopt the contract

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Definitions:

Adults

Individuals who have reached the age where they are considered legally responsible for their actions and have attained full physical development.

Correlational Method

A research approach that involves measuring two variables to identify a relationship between them, without implying causation.

Directly Reinforced

Refers to behaviors that increase in frequency as a direct result of being followed by a rewarding stimulus.

Bandura's Research

Studies conducted by Albert Bandura that focus on social learning theory, demonstrating that people can learn through observation and imitation.