A preincorporation share subscription is:
A)a contract binding the corporation at the time of incorporation.
B)irrevocable by the subscriber for six months after the subscription has been issued.
C)a contract binding the corporation at the time of its issuance.
D)preferred by modern corporate promoters over a post incorporation subscription.

Question

Quizplus · Accepted Answer

A preincorporation share subscription is irrevocable by the subscriber for six months after the subscription has been issued.

A Preincorporation Share Subscription Is