Corporations are generally liable on preincorporation contracts signed by their promoters.
Correct Answer:
Verified
Q13: There is no limit on the number
Q14: A right of first refusal on a
Q15: As per the Model Nonprofit Corporation Act
Q16: A corporation is required to reimburse a
Q17: Mandatory dividend provisions enacted in corporate laws
Q19: A passive investor who believes she has
Q20: An organizer is the individual that incorporates
Q21: John is the promoter of Wheelies Corp.
Q22: Under the Model Business Corporation Act,a corporation's
Q23: When a promoter is liable on 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