menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Legal Environment
  4. Exam
    Exam 19: Corporations
  5. Question
    After a New Corporation Adopts a Contract That Was Signed
Solved

After a New Corporation Adopts a Contract That Was Signed

Question 3

Question 3

True/False

After a new corporation adopts a contract that was signed by the promoter before the corporation was actually formed,the corporation is liable on the contract and the promoter no longer has any liability on the contract.

Correct Answer:

verifed

Verified

Related Questions

Q7: Alex is on the board of directors

Q8: A business corporation can only be incorporated

Q10: The executives of Jornaginn Corporation have decided

Q11: Better Built Storage Buildings,Inc.wants to incorporate in

Q15: Discuss how the Sarbanes-Oxley Act affects Haletronne

Q18: A corporate charter is filed with:<br>A) a

Q19: A derivative lawsuit is filed by the

Q22: If a court determines a manager's corporate

Q35: For the business judgment rule to apply:<br>A)

Q42: Discuss how a corporation is terminated.

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines