Question: Before a corporation comes into existence, it _ _ _ _ _ _ _ _ blank. Multiple Choice can be liable as principal is liable

Before a corporation comes into existence, it

________

blank.

Multiple Choice

can be liable as principal

is liable on a preincorporation contract with a third party if its promoter discloses the corporation's name, street address, mailing address, and the name of its registered agent to the third party

cannot ratify a contract made by its promoter

is illegal to pay promoters for their services

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