Unknown to the other four proponents, Enrico (who had been given the task of attending to the Articles of Incorporation of the proposed corporation, Auto Mo,AyosKo) misappropriated the filing fees and never filed the Articles of Incorporation with the Securities and ExchangeCommission (SEC). Instead, he prepared and presented to the proposed incorporators a falsified SEC certificate approving the Articles. Relying on the falsified SEC certificate, the latter began assuming and discharging corporate powers. . Auto Mo, Ayos Ko is a __________. a. de jure corporation b. de facto corporation c. corporation by estoppel d. general partnership
Unknown to the other four proponents, Enrico (who had been given the task of attending to the Articles of Incorporation of the proposed corporation, Auto Mo,AyosKo) misappropriated the filing fees and never filed the Articles of Incorporation with the Securities and ExchangeCommission (SEC). Instead, he prepared and presented to the proposed incorporators a falsified SEC certificate approving the Articles. Relying on the falsified SEC certificate, the latter began assuming and discharging corporate powers. . Auto Mo, Ayos Ko is a __________. a. de jure corporation b. de facto corporation c. corporation by estoppel d. general partnership
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Unknown to the other four proponents, Enrico (who had been given the task of attending to the Articles of Incorporation of the proposed corporation, Auto Mo,AyosKo) misappropriated the filing fees and never filed the Articles of Incorporation with the Securities and ExchangeCommission (SEC). Instead, he prepared and presented to the proposed incorporators a falsified SEC certificate approving the Articles. Relying on the falsified SEC certificate, the latter began assuming and discharging corporate powers.
.
Auto Mo, Ayos Ko is a __________.
a. de jure corporation
b. de facto corporation
c. corporation by estoppel
d. general
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