Denise is a promoter for a proposed corporation, EVR-Young Corp. As promoter, she signed a three-year lease to rent office space in an office park. She signed her name and indicated below her signature that she was signing as "promoter for EVR-Young Corp., a company yet to be incorporated."

EVR-Young is never incorporated. The lessor believes that Denise is personally liable for any damages it will sustain as a result of the three-year lease having to be breached. Is Denise personally liable? Explain.

Question

Denise is a promoter for a proposed corporation, EVR-Young Corp. As promoter, she signed a three-year lease to rent office space in an office park. She signed her name and indicated below her signature that she was signing as "promoter for EVR-Young Corp., a company yet to be incorporated." 
 ​ 
 EVR-Young is never incorporated. The lessor believes that Denise is personally liable for any damages it will sustain as a result of the three-year lease having to be breached. Is Denise personally liable? Explain.

Quizplus · Accepted Answer

The Answer of Denise is a promoter for a proposed corporation, EVR-Young Corp. As promoter, she signed a three-year lease to rent office space in an office park. She signed her name and indicated below her signature that she was signing as "promoter for EVR-Young Corp., a company yet to be incorporated." 
 ​ 
 EVR-Young is never incorporated. The lessor believes that Denise is personally liable for any damages it will sustain as a result of the three-year lease having to be breached. Is Denise personally liable? Explain.

Denise Is a Promoter for a Proposed Corporation, EVR-Young Corp