Question: 1 . Owners of _ _ _ _ _ _ _ _ blank stock own a portion of a corporation but do not enjoy any

1 .

Owners of

________

blank stock own a portion of a corporation but do not enjoy any preferences.

Multiple Choice

.

diluted

.

common

.

conditional

.

watered

.

secondary

2 .

Which of the following terms refers to a corporation that has not substantially met the requirements of the state incorporation statute, but courts nevertheless recognize it as a corporation for most purposes to avoid unfairness to third parties who believed it was properly incorporated?

Multiple Choice

.

Implied corporation

.

Corporation by estoppel

.

Corporation with reservation

.

De jure corporation

.

De facto corporation

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