Which of the following statements is most correct:

a. INCO terms are a convenient means for business men/women to negotiate a contract. But using them does not have any binding effect on the parties and does not result in a contract. b. A blank check company can be used to acquire a target company and it is regulated by SEC Rule 419 . But nothing in this rule their respective Articles of Incorporation and Corporate Bylaws. c. A merger executed under a blank check or SPAC acquisition does not require approval from the Board of Directors from either the Takeover or Target companies because there is no section 5 registration statement filed with the SEC for the takeover. d. Reverse mergers take place only in the United States and not other countries. The Qihoo 360 case illustrates this point with perfect clarity