Sam Is a Promoter Acting on Behalf of a Corporation

Multiple Choice

Sam is a promoter acting on behalf of a corporation that has not yet been fully incorporated.Under the Revised Model Business Corporation Act,if Sam acts on behalf of the yet-to-be-formed corporation,who is liable in the event of a breach of contract?

A) The corporation becomes liable once formed, and Sam will be shielded from liability.
B) The principals of the forming corporation are liable, and Sam will be shielded from liability.
C) Sam is jointly and severally liable for the liability incurred even after the corporation is formed.
D) Sam is personally liable, with the principals shielded from liability.