Even If the Incorporators Omit Important Steps,it Is Still Possible

question 20

True/False

Even if the incorporators omit important steps,it is still possible for a court,under estoppel principles,to treat the business as a corporation.

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Definitions:

Restraining Forces

Factors that counteract changes and impede progress in an organization or system.

Mechanistic Model

A formalized structure based on centralization and departmentalization.

Participative Decision-Making

A decision-making process in which all members of a group contribute to and influence the outcome of a decision.

Coercion

Involves compelling an individual to act in a certain way by using force or threats.