What Is Not a Correct Statement Concerning Promoters

question 28

Multiple Choice

What is not a correct statement concerning promoters?

• A) Promoters are generally active before the corporation is formed.
• B) Two (2) or more promoters are required to form a corporation.
• C) Promoters are fiduciaries with respect to the corporation and its shareholders.
• D) Promoters are liable for any torts that they commit while promoting the corporation.

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Definitions:

Empty Love

A state in Sternberg's Triangular Theory of Love characterized by commitment without intimacy or passion.

Attraction

The natural feeling of being drawn to other individuals or things due to their qualities, appearance, or behaviors.

Romantic Love

A deep emotional, sexual, and affectional attraction that is often rooted in desire and leads to a sense of connection and commitment to another person.

Consummate Love

An ideal relationship state characterized by the combination of intimacy, passion, and commitment.