Question: 1.In relation to pre-registration activities, identify the TWO correct statements: a.A company promotor is able to sign a contract in the name of an unregistered

1.In relation to pre-registration activities, identify the TWO correct statements:

a.A company promotor is able to sign a contract in the name of an unregistered company as long as he notifies ASIC

b.Pre-registration activities are allowed because of Corporations Act s 131

c.A company promotor must not sign a contract on behalf of the company until registration is complete

d.According the Twycross v Grant, a promotor is described as a person who undertakes to form a company with reference to a project and who takes the necessary steps to, are accomplish its purpose

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