The CBCA states that a promoter acting on behalf of a corporation before it comes into existence may avoid personal liability and waive any benefits under the contract by
A) getting the promoter's "warranty of authority" status.
B) including an express term that the promoter will not be bound by the agreement.
C) making it clear to third parties that he is simply an agent for a yet to be established corporation.
D) keeping the contract in escrow until the new corporation has been formed.
E) ratifying the contract under the "non- existent" principal clause.
Correct Answer:
Verified
Q12: Filing a prospectus with a securities commission
Q13: Schemes of government regulation resemble traditional criminal
Q14: When protecting corporate creditors, how does the
Q15: Under the regulatory offence of "strict liability",
Q16: In spite of the fact that a
Q18: Which of the following is NOT an
Q19: Mandy had his securities license suspended by
Q20: According to the CBCA, the rule that
Q21: The corporation is being charged by the
Q22: The indoor management rule means that a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents