Pre-registration contracts can never be binding because a company cannot enter into a binding contract until after it is registered.

Question

Quizplus · Accepted Answer

Pre-registration contracts can be binding if certain conditions are met, such as ratification by the company after its formation or if there are provisions in the law allowing a promoter or person acting on behalf of the company to be personally liable until the company adopts the contract.

Pre-Registration Contracts Can Never Be Binding Because a Company Cannot