A preincorporation contract made by a promoter in the name of the corporation and on its behalf does not bind the corporation before it is formed
Indicate whether the statement is true or false
true
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New institutional theory divides institutions into
A. two basic types: technical and nontechnical. B. three basic types: classified, unclassified, and unclassifiable. C. two basic types: formal and informal. D. three basic types: formal, informal, and technical.
An organization can be classified as
A) a functional structure. B) a departmental structure. C) a matrix structure. D) all of the above.
The days sales outstanding ratio tells us how long it takes, on average, to collect after a sale is made. The DSO can be compared with the firm's credit terms to get an idea of whether customers are paying on time.
Answer the following statement true (T) or false (F)
Chance is a traveling marketing representative for a publishing company. He is an independent contractor and was hired without negligence. One afternoon while driving to a meeting, Chance negligently runs a stop sign and causes an accident. Judy is injured. Judy can A) hold both Chance and his company liable for her injury
B) hold the company but not Chance liable. C) hold Chance but not the company liable. D) not hold Chance or his company liable for her injury.