Carey decided to incorporate her business under the name yStar Inc Before yStar was incorporated, Carey signed a contract in the name of yStar, Inc to have some office space remodeled. Which statement is correct?
A) yStar is liable on the contract because the contract was signed in its name.
B) yStar becomes liable on the contract as soon as it is incorporated.
C) yStar is liable on the contract if the contractor knows that the corporation does not yet exist.
D) yStar will be liable on the contract only if the corporation adopts the contract.
D
You might also like to view...
Social media ads prompt purchase at least three times more often than emails, and the average order value from social media ads is thought to be 17 percent higher
Indicate whether the statement is true or false
How can you try to change a bad or incorrect first impression?
What will be an ideal response?
Which of the following is true of a trade-in allowance?
A. It is a price reduction to stimulate sales of newly introduced products. B. It forces managers to reduce the list price. C. It allows managers to reduce the effective price without reducing the list price. D. It is used to save old products from being removed from the market.
If a party has presented a complaint to the Equal Employment Opportunity Commission about
alleged discrimination in violation of the Civil Rights Act of 1964, and the EEOC decides not to bring a suit on behalf the employee, the EEOC will issue a(n): A) Injunction to prevent the illegal behavior in the future. B) Order of dismissal of the complaint. C) Judgment in the employer's favor. D) Right to sue letter. E) Notice of the complainant's right to appeal to the appropriate court of appeals.