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:

Lens Yellows

The natural aging process of the eye's lens, leading to its yellowing and affecting vision clarity.

Retina

The light-sensitive layer at the back of the eye that converts light into electrical impulses, which the brain interprets as images.

Incandescent Lighting

A method of producing light by heating a filament wire to a high temperature until it glows.

Throw Rugs

Small, movable carpets that can be placed in various locations in a home for decoration or comfort.