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Author Question: A corporate charter is filed with A) a state's Secretary of State office. B) a state's Treasury ... (Read 206 times)

jon_i

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on: Jun 24, 2018
A corporate charter is filed with
 A) a state's Secretary of State office.
 B) a state's Treasury and/or Revenue Division.
 C) the United States Department of Commerce.
 D) the Securities and Exchange Commission.

Question 2

Carey decided to incorporate her business under the name yStar Inc Before yStar was incorporated, Carey signed a contract in the name of yStar, Inc to have some office space remodeled. Which statement is correct?
 A) yStar is liable on the contract because the contract was signed in its name.
 B) yStar becomes liable on the contract as soon as it is incorporated.
 C) yStar is liable on the contract if the contractor knows that the corporation does not yet exist.
 D) yStar will be liable on the contract only if the corporation adopts the contract.


sierramartinez

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

D


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