A Promoter

question 16

Multiple Choice

A promoter:

• A)may have liability on the contracts he negotiates on behalf of the prospective corporation.
• B)does not hold any liability to third parties on preincorporation contracts.
• C)automatically becomes one of the initial directors of the corporation.
• D)is not liable on a preincorporation contract after the corporation's adoption of the contract.

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Definitions:

Organic Product

A compound or substance that has been derived from living matter, typically containing carbon atoms in its molecular structure.

Sodium Ethoxide

A strong base formed from the reaction of ethanol and sodium, often used as a reagent in organic synthesis.

Bromo-Methylbutane

An organic compound that contains a bromine atom attached to a butane chain, often used in nucleophilic substitution reactions.

Organic Product

Organic product often refers to a molecule resulting from organic synthesis, especially in the context of organic reactions.