Regarding the status of XYZ Corporation as a corporation, what would a court likely rule?

A) That the business was a de jure corporation.
B) That the business was a de facto corporation.
C) That the business was a corporation by estoppel.
D) That the business was a veiled corporation.
E) That the business was not a corporation at all.

De Jure Corporation

A corporation that has fully complied with all legal requirements for incorporation and therefore enjoys all the powers and rights granted to corporations under the law.

De Facto Corporation

A company that operates as if it were legally incorporated, even though it has not completed the necessary legal formalities and documentation.

Corporation By Estoppel

Corporation by estoppel is a legal doctrine preventing someone from denying a business's corporate status when they have treated it as a corporation in previous transactions.