Which of the Following Is False Regarding Promoters

Multiple Choice

Which of the following is false regarding promoters?

A) Promoters prepare the corporation's incorporation papers.
B) Promoters raise capital for the infant corporation.
C) Promoters can purchase buildings for the corporation.
D) Promoters are agents for the company being formed.
E) A promoter may insert a clause into a contract with a supplier stating that the corporation's adoption of the contract terminates the liability of the promoter.