The CBCA States That a Promoter Acting on Behalf of a Corporation

Multiple Choice

The CBCA states that a promoter acting on behalf of a corporation before it comes into existence may avoid personal liability and waive any benefits under the contract by

A) getting the promoter's "warranty of authority" status.
B) including an express term that the promoter will not be bound by the agreement.
C) making it clear to third parties that he is simply an agent for a yet to be established corporation.
D) keeping the contract in escrow until the new corporation has been formed.
E) ratifying the contract under the "non- existent" principal clause.