Before a corporation comes into existence, it _____.
A) can be liable as principal
B) cannot ratify a contract made by the promoter
C) is illegal to pay promoters for their services
D) is liable if the board acts to adopt the contract
Correct Answer:
Verified
Q23: A de facto corporation:
A) could not be
Q24: Which of the following states has traditionally
Q25: Jones Corp. is a business concern in
Q26: Which of the following steps governing the
Q27: Joey and his partners have started a
Q29: A basic principle of corporation law is
Q30: Under the revised Model Business Corporation Act
Q31: All business corporations derive their existence from
Q32: Massachusetts courts require that the parties expressly
Q33: According to the Model Business Corporation Act
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