Frank, Acting as a Promoter for Garleen Co

Multiple Choice

Frank, acting as a promoter for Garleen Co., a corporation not yet in existence, makes a contract with Towne Supplies. When Garleen Co. is formed, it may:

A) adopt the contract, but Frank would not be released from potential liability on the contract.
B) in all states, ratify the contract, thereby releasing Frank from potential liability.
C) adopt the contract, thereby making it retroactive.
D) ratify all or part of Frank's contract.