As a general rule, promoters are not liable for contracts they make on behalf of corporations that are not yet formed.
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Q1: Most incorporated businesses are close corporations.
Q2: A court may pierce the corporate veil
Q3: As a general rule, corporations are required
Q4: Close corporation shares are seldom intended to
Q6: Courts have begun to recognize a fiduciary
Q7: A municipal corporation:
A) is formed and operated
Q8: Helen is a promoter who, prior to
Q9: Nonprofit corporations:
A) are similar to nontaxing governmental
Q10: Esther and Salim are promoters for Kale
Q11: A corporation that merges into another is
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