On January 6, 2019, Nets Corporation was established and started to offer its shares. On February 20, 2019 the SEC wrote a letter to the corporation saying that the articles of incorporation have materials misstatement and shall automatically cancel their license to operate a corporation. Which is correct?

a.The SEC is correct because the material misstatement made the articles of incorporation null and void

b.The SEC should give a reasonable time for Nets Corp. to amend their articles of incorporation

c.The Corporation can make valid transactions from January 6 to February 20, afterwards any contract entered in shall be questionable through quo warranto

d.The corporation can still exist regardless of the misstatement based from the prescription of the right of SEC due to their negligence in issuing the license to operate