Question

In existence at the time of the will, the intention to incorporate, and being described with certainty are all requirements for what?

1) Creating a trust
2) Forming a partnership
3) Establishing a corporation
4) Drafting a contract

Answer 1

Establishing a corporation requires the existence at the time of the will, intention to incorporate, and being described with certainty.

Step-by-step explanation:

The requirement for the existence at the time of the will, the intention to incorporate, and being described with certainty is for establishing a corporation.

A corporation is a legal entity that has the ability to sue and be sued, enter into contracts, file for bankruptcy, and raise revenue through borrowing or selling shares of its stock.