Question: Understand when is a promoter liable for its contracts before and after incorporation

Understand when is a promoter liable for its contracts before and after incorporation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Denise Lopez, age 40, is single and has no dependents. She is employed as a legal secretary by Legal Services, Inc. She owns and operates Typing Services located near the campus of Florida Atlantic...

Q:

Define "promoter" in reference to a corporation and understand when is a promoter liable for its contracts before and after incorporation?

Q:

Understand when is a promoter liable for its contracts before and after incorporation?

Q:

1. what are professional and (2) Subchapter S Corporations? 3. Define " promoter" in reference to a corporation. 4. What is the business judgment rule? 5. What is the fiduciary duty of officers (...

Q:

I need a well written student case brief including the following: Facts: statement of the facts of the case General Analysis: the legal principles used to decide the case, including the Issue and...

Q:

REVISED CORPORATION LAW 1.) A corporation may be liable for promotional contracts: A.) If it subsequently materializes B.) There is express ratification of the contract C.) There are benefits reaped...

Q:

True/False Questions Mark the following statements either T (True) or F (False). 1. The corporation has unlimited liability for its corporate obligations. () 2. While the corporate officers may be...

Q:

REVISED CORPORATION LAW PHILIPPINES 1.) A corporation may be liable for promotional contracts: A.) If it subsequently materializes B.) There is express ratification of the contract C.) There are...

Q:

1. Explain who Hansen is suing and why. 2. The court refers to this case as one of first impression in South Carolina. It subsequently refers to the prevailing rule. How can the case be one of first...

Q:

In the case of Coopers & Lybrand v . Fox, the court held: a . a promoter is not liable for a corporation's debts, and a creditor should look solely to the corporation for payment. b . a promoter is...

Q:

In the case of Coopers & Lybrand v . Fox, the court held: a . a promoter is personally liable for the contracts he makes. b . a promoter is only liable to a creditor if there is an express written...

Q:

Osby Company issued bonds with a face value of $100,000 on January 1, 2013. The bonds had a 7 percent stated rate of interest and a six-year term. The bonds were issued at face value. Interest is...

Q:

Disclosure Which topic and subtopic require entities to disclose all significant ac-counting policies? Is this information required to be disclosed on an interim basis?

Q:

seconds. Iestion Completion Status: Moving to the next question prevents changes to this answer. stion 7 Which of the following is NOT an issue to be addressed in a business code of ethics required...

Q:

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...