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    Business Law Study Set 3
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    Exam 37: Corporate Formation and Financing
  5. Question
    A Businessperson Who Enters into a Contract with an Investor
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A Businessperson Who Enters into a Contract with an Investor

Question 101

Question 101

True/False

A businessperson who enters into a contract with an investor on behalf of a future corporation is not personally liable on the deal, even though the firm is not yet formed, because the nature of investment is risk.

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