Read the scenario, then answer the questions below Marcus is the sole promoter of a future corporation being formed to manufacture and sell street legal golf carts While the corporation has not yet been formed, Marcus has located a facility ideally suited to his needs Can Marcus legally sign a contract for the purchase of the property for his future corporation What is his liability on the contract if the corporation is never formed What is his liability on the contract once the corporation is formed What can Marcus do to limit his liability

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Question: Read the scenario, then answer the questions below. Marcus is the sole promoter of a future corporation being formed to manufacture and sell street legal

Read the scenario, then answer the questions below.

Marcus is the sole promoter of a future corporation being formed to manufacture and sell street legal golf carts. While the corporation has not yet been formed, Marcus has located a facility ideally suited to his needs.

Can Marcus legally sign a contract for the purchase of the property for his future corporation?
What is his liability on the contract if the corporation is never formed?
What is his liability on the contract once the corporation is formed?
What can Marcus do to limit his liability?

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