A promoter is personally liable on contracts made by him in the name of the unformed corporation:
A) even if the corporation adopts the contract.
B) only until the corporation is formed.
C) if the promoter, the third party, and the corporation enter into a novation substituting the corporation for the promoter.
D) only if the corporation is never formed.
A
You might also like to view...
Janet is a marketing manager with a Injoos, a company that manufactures packaged fruit juices
Knowing that there exist several other companies in the market that offer similar products, Janet decides to build a customer base from among those who prefer to avoid mass media and other targeted promotions. Which of the following marketing communications tools would be her best option to build a favorable impression among the prospective customers? A) advertising B) personal selling C) sales promotions D) direct marketing E) public relations
Answer the following statement(s) true (T) or false (F)
1. When people are “out of sync” in their nonverbal gestures as a result of diversity in relational mental models, it can decrease levels of anxiety and can actually improve one’s performance in the situation. 2. There are no gender differences in interpersonal styles. 3. In the United States, bringing authentic emotionality to the workplace is ok and is still considered within the bounds of professional behavior 4. In a survey conducted in the United States, China, and Korea, Neuman and his colleagues (2004) asked managers and business students to what extent task and relationship conflict were a roadblock to success. Only the Europeans and Americans, and particularly men, had a different belief about the effects of relationship conflict. 5. Cross-cultural communication relies on many shared understandings about emotional displays.
Refer to the Savoy Corporation Income Statement Accounts. What is the net income for the Savoy Corporation for 2014?
A) $135,900 B) $272,000 C) $261,100 D) $345,000
Trade credit is primarily used by retailers to finance inventory.
Answer the following statement true (T) or false (F)