Question: Note: This question may have more than one correct answer. Select all which apply. Incorrect answers will be penalized. Under the MBCA, if there are

Note: This question may have more than one correct answer. Select all which apply. Incorrect answers will be penalized.
Under the MBCA, if there are business debts following a defective incorporation, liability for the debts will be imposed on which of the following?
Shareholders who acted as if a corporation had been formed.
Managers who participated in decision-making while the corporation was operating.
Promoters who knew of the defective incorporation.
Shareholders who participated in management and policy decisions and knew of the defective incorporation.
Note: This question may have more than one correct answer. Select

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