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Ridley Is Setting Up a New Architectural Lighting Company and Is

Question 60

True/False

Ridley is setting up a new architectural lighting company and is acting as the promoter of the  as yet unincorporated business.  She needs to order some specialized equipment in order to get started.  She orders the equipment, which is financed in the name of the business.  The corporation will be liable for paying for this equipment because Ridley is its agent.

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