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Statement 1. A de jure corporation is one which actually exists for all practical purposes as a corporation but has defect in the compliance with the mandatory legal requirements.
Statement 2. A de facto corporation has legal right as a corporation and has complied with all the requirements of the law.
Select one:
a. Statement 1 is false: Statement 2 is false
b. Statement 1 is true: Statement 2 is true
c. Statement 1 is true: Statement 2 is false
d. Statement 1 is false: Statement 2 is true

Sagot :

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