Bob is the promoter of a new corporation that has not yet been incorporated. On behalf of the as yet unincorporated business, he enters into a three-year lease agreement for office space and personally signs the lease in his own name. The corporation is liable on the contract, because Bob is its agent
a. True
b. False
Indicate whether the statement is true or false
False
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Companies whose operations are consistent with stakeholder theory:
A. report lower earnings levels than their competitors. B. include McDonald's, Tri-Com, and Sierra Designs. C. include Johnson & Johnson, eBay, Google, and Lincoln Electric. D. have higher staff turnover rates than their competitors.
There are four transactions that directly affect Owner's Equity. Which are the two transactions that decrease Owner's Equity?
A) Owner's withdrawals and expenses B) Revenues and expenses C) Owner's investments and revenues D) Owner's investments and expenses
An audit which focuses on a retailer's pricing strategy illustrates a _____ audit
a. vertical b. disguised c. horizontal d. nondisguised
Slow, deliberative writing is recommended when drafting a business message
Indicate whether the statement is true or false