Question: Question 1 & 2 are true/false. 1. The shareholders are the owner of title to corporate property. 2. A promoter who enters a preincorporation contract

Question 1 & 2 are true/false.

1. The shareholders are the owner of title to corporate property.

2. A promoter who enters a preincorporation contract in the name of the corporation usually remains liable on the contract even if the corporation adopts it.

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