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Business, 01.12.2021 20:10 wonderland12372

Wayne borrows money from Phyllis, who in good faith represents herself as an agent for Retail Lender, Inc. Wayne learns that Retail was never incorporated due to a significant error in Phyllis' incorporation paperwork. If Phyllis sues to recover the loan amount, can Wayne avoid liability based on the fact that Retail does not exist?a. No, because Retail is a de jure corporation. b. No, because Retail is a de facto corporation. c. No, because Retail is a corporation by estoppel. d. Yes, because Wayne borrowed money from the non-existent Retail, not Phyllis.

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Wayne borrows money from Phyllis, who in good faith represents herself as an agent for Retail Lender...
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