A Corporation That Exists in Law,having Met All of the Necessary

question 13

Multiple Choice

A corporation that exists in law,having met all of the necessary legal requirements is called a _____.

• A)de facto corporation
• B)de jure corporation
• C)S corporation
• D)delectus respondeant corporation
• E)fee simple defeasible corporation

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Definitions:

Transfer of Title

The legal process of transferring ownership of property or assets from one person or entity to another.

Bailment

A legal relationship in which physical possession of personal property is transferred from one person to another under the agreement that the property will be returned.

Rural Land

Land located in areas designated as rural, typically marked by lower population density and agricultural or undeveloped landscapes as opposed to urban areas.

Hunting

The activity of searching for, pursuing, and capturing or killing wild animals for food or sport.