Examlex
Real options seek to reduce which of the following risks in projects?
Contract
A legally upheld agreement involving two or more entities that carries legal obligations.
Preincorporation Contracts
Agreements entered into on behalf of a corporation not yet formally established, raising questions about liability and authority.
Promoter
A promoter is an individual or company involved in founding or organizing a business or enterprise, typically responsible for raising capital, arranging for necessary legal documents, and setting up operations.
Personally Liable
The legal responsibility of an individual to satisfy debts or obligations from their own assets.
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