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LAW (125 Cards)

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As a promoter for New Market Corporation, Pat is personally liable for any preincorporation contract until New Market

a. assumes the preincorporation contract by novation.
b. ratifies the contracts.
c. rejects the contract.
d. releases Pat from liability.

a. assumes the preincorporation contract by novation.

Begründung:
Once the coporation is formes, the premoter remains personally reliable until preincorpration by novation

Tags: Promoter Liability (Promoter Activities)
Source: p.104, 1. Absatz nach Überschrift

Flashcard set info:

Author: Elisa

Main topic: Law

Topic: International Law

School / Univ.: Hanze Hogeschool

City: Groningen

Published: 14.02.2010

Tags: Exam Year 1

Card tags:

All cards (125)

? (1)

also see partnership by estopel (1)

Assault and Battery (2)

Business Organization (1)

Business Trust (2)

Chain-Style business operation (2)

Conversion - letzter Absatz (1)

Coporate Financing (1)

Coporate Personnel (1)

Disadvantages ot the sole proprietorship (1)

Dissolution LP (1)

Dissolution of LP (1)

Distributorship (2)

Fact versus Opinion (1)

False imprisonment (1)

Family Limited Liability Partnerships (FLLP) (1)

First Orginazational Meeting (1)

First sentence (2)

Foreign and Alien Coporation (1)

Formation of a Limited Partnership (1)

Formation of a LP (1)

Incorporation procedure (1)

INncorporation Precedure (1)

Joint stock company (2)

Joint venture (2)

last sentence (1)

Liabilities of limited partners (1)

Limited Liability Partnership (LLC) Liability (1)

Limited partners and Managment (1)

LLC (1)

Location Chartering (1)

Partnerships (1)

Payment for the franchise (2)

Payment of the franchise (1)

Preferred Stock (1)

Preferred stocks (1)

Pricing agreement (1)

Processing-Plant arrangement (2)

Profesional Corporation (P.C) (1)

Professional Corporation (1)

Professional Corporation (P.C) (1)

Promoter Liability (Promoter Activities) (1)

Restriction in the Articles of Incorpration (1)

Right of limited partners (1)

Self-defense (1)

Slander of Quality (1)

Slander of Title (1)

Termination of the franchise (2)

The publication requirement (1)

The scope of implied powers (1)

Trespass to Land (1)

Trespass to personal property (2)

Wrongful interfence with a contractual relationship (1)

Wrongful interference with a business relationship (2)

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