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:

Transitional

Pertaining to a phase or change from one state to another, often used to describe processes, tissues, or adaptation mechanisms.

Epithelial Tissues

Sheets of tightly packed cells that cover body surfaces and line internal organs and cavities.

Basement Membrane

A thin, fibrous structure that underlays and supports the epithelium and endothelium in tissues.

Tissues

Groups of cells that have similar structure and function within the body.