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N-Ext Corp

question 12

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N-Ext Corp.(NEC) was defectively organized.As a result,even a corporation by estoppel could not be formed.As representatives of NEC,Pete (a shareholder manager) and Dave (a nonshareholder manager) made a contract with a vendor for supplying raw materials to NEC.The vendor did not get paid as per the contract.Who is liable in this situation?


Definitions:

Nervous System

The complex network of nerve cells and fibers that transmits signals between different parts of the body, coordinating actions and sensory information.

Blood Vessels

The tubes in the body through which blood flows, including arteries, veins, and capillaries.

Autonomic Nervous System

The part of the nervous system that unconsciously regulates bodily functions such as heart rate, digestion, and respiratory rate.

Voluntary Control

Voluntary control refers to the ability to consciously regulate bodily movements or physiological functions.

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