Solved

A Party Who Makes a Preincorporation Contract with a Corporate

Question 24

Multiple Choice

A party who makes a preincorporation contract with a corporate promoter is liable on the preincorporation contract:


A) only after the corporation's board of directors adopts the contract after the corporation has come into existence.
B) only after the corporation's articles have been filed with the secretary of state.
C) when the party agrees to look only to the prospective corporation for performance of the contract.
D) only when the promoter is liable on the contract.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents