The Promoter Is Personally Liable on Any Contracts He Signs

question 33

True/False

The promoter is personally liable on any contracts he signs before the corporation is formed.

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Definitions:

Unranked Categories

Categorizations without an inherent order or hierarchy among them, where elements are grouped based on qualitative differences rather than quantitative measures.

Measure Of Central Tendency

A statistical value that describes a central or typical value for a set of data, such as mean, median, or mode.

Political Party Affiliation

The formal association of individuals with a political party, often indicating shared ideologies, policies, and goals.

Parameter

A characteristic or constant factor that defines or limits a system, model, or equation.