Jacobson, as promoter for A.L.W., Inc., contracted with Stern, an architect, to draw plans for a new hotel and casino to be built on the north shore of Lake Tahoe. It was to be known as King’s Castle. About 19 months after King’s Castle opened, A.L.W., Inc. filed for bankruptcy. At that time, only $120,000 of the $250,000 fee for Stern’s services had been paid by A.L.W., Inc. Stern brought suit against Jacobson, as promoter, for the balance due. Was Jacobson liable to Stern for the amount unpaid for his services?