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    Business Law Study Set 4
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    Exam 42: Organization and Financial Structure of Corporations
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    On Preincorporation Share Subscriptions
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On Preincorporation Share Subscriptions

Question 29

Question 29

Multiple Choice

On preincorporation share subscriptions:


A) promoters have no liability.
B) promoters have no liability after incorporation.
C) promoters have personal liability till novation.
D) promoters have maximum liability.

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