In a Ratification by the Board of a Pre-Incorporation Contract

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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Definitions:

Legalize Marriage

The process by which marriages are recognized and sanctioned legally by the state, often including a variety of marital forms.

Same Sex

Referring to relationships or attractions between individuals of the same gender.

Gender Inequality

The social process by which people are treated differently and disadvantageously, under similar circumstances, based on gender.

Pre-capitalist

Describing economic and social systems that existed before the widespread adoption of capitalist principles.