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    Exam 17: Governance and Structure: Forms of Doing Business
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    In a Ratification by the Board of a Pre-Incorporation Contract
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In a Ratification by the Board of a Pre-Incorporation Contract

Question 149

Question 149

Multiple Choice

In a ratification by the board of a pre-incorporation contract involving the corporation,the promoter,and a third party:


A) the corporation is released from liability.
B) the promoter is released from liability.
C) the promoter is made secondarily liable.
D) none of the above

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