To Escape Personal Liability,when a Party Enters into a Pre-Incorporation

question 41

True/False

To escape personal liability,when a party enters into a pre-incorporation contract,it is enough for that party to simply state on the written contract that he or she is entering into the contract on behalf of a company to be incorporated.

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Definitions:

Motivation and Commitment

The psychological forces that drive an individual to take action towards a goal and the dedication to see it through despite obstacles.

Explanatory Model

A framework or approach used to understand the causes, diagnoses, and treatment plans for a patient's health condition from both the patient's and healthcare provider's perspectives.

Etiology of Illness

The study or analysis of the cause or origin of diseases or medical conditions.

Sickness Treatment

The medical management and care given to a patient for the purpose of curing or alleviating symptoms of diseases or disorders.