1. ABC Inc. was administratively dissolved on January 10, 2015, for failure to have a registered agent. On February 1, 2015, the corporation sold computer goods to Martin Smith. On March 1, 2015, the secretary of state reinstated ABC Inc. Smith has alleged that he need not purchase the computer goods because no corporation existed on the date of the purchase. Is Smith's assertion likely to be upheld by a court? Discuss.