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In Litigation Involving a Promoter,one of the Parties Named in a Contract

Question 41

Multiple Choice

In litigation involving a promoter,one of the parties named in a contract is described as an entity yet to be incorporated.Under what circumstances will a court find the promoter NOT to be personally liable?


A) if a specific advantage of a valuable business opportunity exists
B) if a specific provision expressly relieves such liability
C) if the corporation has committed a crime
D) if the directing mind has committed a crime

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