Multiple Choice
Deepwater Dredging represents that it has corporate status to Estuary Marina when in fact Deepwater has not incorporated. The parties sign a contract that Deepwater does not perform. Estuary files a suit for breach. The court will likely hold that Deepwater is
A) a corporation by estoppel.
B) not a corporation and therefore not liable on the contract.
C) a de facto corporation.
D) a de jure corporation.
Correct Answer:
Verified
Correct Answer:
Verified
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