When a third party,based on all of its transactions with the enterprise,acts as if it were doing business with a corporation,the third party is prevented from claiming that the enterprise is not a corporation because a(n)__________ has been formed.
A) partnership by estoppel
B) corporation de facto
C) corporation de jure
D) corporation by estoppel

Question

Quizplus · Accepted Answer

Corporation by estoppel prevents a third party from denying the corporate status of an enterprise if they have consistently treated it as a corporation in their dealings.

When a Third Party,based on All of Its Transactions with the Enterprise,acts