Suppose James "Snoopy" Stevenson $("$Snoopy$")$ plans to open a private investigative agency and enters into a one$-$year lease agreement for office space, signing on behalf of the soon$-$to$-$be$-$formed Out$-$of$-$Sight Investigations, Incorporated One month later, Snoopy's financing falls through and he abandons the idea of incorporating his business. Which of the following is true regarding Snoopy's liability for the remaining eleven $(11)$ months of the lease agreement?

Multiple Choice

Snoopy is a promoter, and since he is acting merely in an agency capacity, he is not liable for the remainder of the lease.

Snoopy is a proxy, and since he is acting merely in an agency capacity, he is not liable for the remainder of the lease.

Snooper is a proxy, and he is therefore personally liable for the remainder of the lease.