Solved

Roy Is the Promoter of a New Corporation That Has

Question 49

True/False

Roy is the promoter of a new corporation that has not yet been organized.On behalf of the as-yet unincorporated business, he enters into a three-year lease agreement for office space and personally signs the lease in his own name.The corporation is liable on the contract, because Roy is its agent.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions