Deepwater Dredging & Excavationholds itself out to others as being a corporation but makes no attempt to incorporate. Estuary Marinasigns a contract with Deepwater that is not performed. Estuary Marina files a suit against the firm. The court will likely hold that Deepwater is
a. a corporation by estoppel.
b. an alien corporation.
c. an S corporation.
d. ultra vires.
A
You might also like to view...
When a company that is performing R&D activities is acquired by another company, the acquiring company must allocate a portion of the purchase price to the R&D activities that are purchased, creating an intangible asset called
A) ?intangible development. B) ?in-process research and development. C) ?goodwill. D) ?start-up costs.
In Chinese, the KFC slogan "finger-lickin' good" came out as "eat your fingers off." And Motorola's Hello-moto ringtone sounded like "Hello, Fatty" in India. Which of the following strategies can be used to avoid such mistake
A) communication adaptation B) standardized global marketing C) straight product extension D) product adaptation E) communication extension
Which of the following is NOT one of the aims of the Bankruptcy and Insolvency Act?
A) To save an ongoing business where possible B) To ensure a fair distribution of the bankrupts assets among creditors C) To make it easier to recover illegal gambling debts D) To release an honest debtor from debts where the burden is too great E) All of the above are aims of the Act
One of the many negative consequences of being laid off is that it can reduce a person's self-esteem
Indicate whether the statement is true or false.