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