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:

Television Sets

Electronic devices designed to receive television signals for visual and auditory display of content.

Water Constraint

A limitation or restriction on the availability or use of water resources in a certain area or for a specific purpose.

Disinfectants

Chemical agents used to eliminate or reduce harmful pathogens from surfaces, objects, or environments, contributing to infection control.

Hydrogen

A colorless, odorless, highly flammable gas, constituting the most abundant element in the universe and used in various industrial processes.