Which of the following is true for a corporation's liability on the promoters' contracts if the corporation is never formed?
A) The corporation assumes liability of the promoters' contract automatically upon its creation.
B) The promoter's liabilities are transferred to the board of directors of the corporation upon its formation.
C) The promoter, the corporation, and the third-party enter into a novation whereby liability is solely transferred to the corporation.
D) The promoters have joint personal liability on the contract unless the third party specifically exempts them from such liability.
D
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Saks Fifth Avenue has ________ stores in the Middle East
A) licensed B) organic C) franchise D) joint venture E) own-label focus
Listening is about _____ percent of effective communication.
A. 10 B. 25 C. 40 D. 50 E. 75
Which sentence is correct?
A) A good way for a student to save money is to buy their books online. B) A good way for a student to save money is to buy his books online. C) A good way for a student to save money is to buy her books online. D) A good way for a student to save money is to buy its books online. E) None of the above.
Vinny, a sales representative, is returning from a week on the road. One of his activities this week is to develop ____, which are designed to identify the customers called on and to present detailed information about interaction with those clients.
A. sales invoices B. feedback notices C. expense reports D. call reports E. recall files