Essay
ABC is a nonprofit corporation formed by Alex.As its promoter,Alex made a few contracts with Johnsons,Inc.The following year,Alex formed another for-profit company.Meanwhile,Johnsons,Inc.claimed that Alex has not honored the contracts he made with them as promoter of ABC.Is Alex personally liable for those contracts? If not,what remedies are available for Johnsons,Inc.?
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No,Alex is not personally liable for the...View Answer
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Correct Answer:
Verified
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