Question: Which statement below is correct about a promoter's liability? Multiple Choice The promoter is not personally liable when she knows ( and the other party

Which statement below is correct about a promoter's liability? Multiple Choice The promoter is not personally liable when she knows

(

and the other party has no reason to know

)

that the corporation is not in existence on the day of the signing The promoter's lability continues for the duration of the existence of the corporation The promoter's liability can only be terminated by judicial decree The promoter is personally liable when she knows

(

and the other party has no reason to knowthat the corporation is not in existence on the day of the signing

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