The correct answer is: B. Conclusive
A certificate of incorporation is a document that is issued by a state government to a corporation. It is evidence that the corporation has been legally formed and is authorized to conduct business. The certificate of incorporation includes the name of the corporation, its purpose, its registered office, and the names and addresses of its initial directors and officers.
The certificate of incorporation is conclusive evidence that the corporation has been legally formed and is authorized to conduct business. This
means that third parties can rely on the certificate of incorporation without having to investigate whether the corporation has actually been formed or is authorized to conduct business.However, the certificate of incorporation is not conclusive evidence of the corporation’s authority to conduct certain types of business. For example, if the corporation wants to conduct business in a foreign country, it may need to obtain a license from the government of that country.
In conclusion, the certificate of incorporation is conclusive evidence that the corporation has been legally formed and is authorized to conduct business. However, it is not conclusive evidence of the corporation’s authority to conduct certain types of business.
Here is a brief explanation of each option:
- A. Exclusive – This option is incorrect because the certificate of incorporation is not the only evidence that a corporation has been legally formed. For example, a corporation may also be formed by filing articles of incorporation with the state government.
- B. Conclusive – This option is correct because the certificate of incorporation is conclusive evidence that the corporation has been legally formed and is authorized to conduct business.
- C. Supportive – This option is incorrect because the certificate of incorporation is not merely supportive evidence of the corporation’s existence. It is conclusive evidence.
- D. Either A or B – This option is incorrect because the certificate of incorporation is not both exclusive and conclusive evidence of the corporation’s existence. It is only conclusive evidence.