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:

Cheyenne Tribesmen

Members of the Cheyenne, a Native American people known for their history as nomadic hunters and their involvement in the resistance to westward expansion of the United States.

U.S. Troops

Members of the United States Armed Forces, including the Army, Navy, Marine Corps, Air Force, and Coast Guard.

Battle of Chancellorsville

A significant encounter during the American Civil War in 1863, where Confederate General Robert E. Lee achieved a victory against the Union Army.

Emancipation Proclamation

An executive order issued by President Abraham Lincoln on January 1, 1863, which declared the freedom of slaves in Confederate territories.