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All main topics / Law / International Law / LAW
As a promoter for New Market Corporation, Pat is personally liable for any preincorporation contract until New Market

a. assumes the preincorporation contract by novation.
b. ratifies the contracts.
c. rejects the contract.
d. releases Pat from liability.

a. assumes the preincorporation contract by novation.

Once the coporation is formes, the premoter remains personally reliable until preincorpration by novation
Tags: Promoter Liability (Promoter Activities)
Source: p.104, 1. Absatz nach Überschrift
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Flashcard info:
Author: Elisa
Main topic: Law
Topic: International Law
School / Univ.: Hanze Hogeschool
City: Groningen
Published: 14.02.2010




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