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Consider two less-than-desirable options.In the first you are driving 30 mph and crash head-on into an identical car also going 30 mph.In the second option you are driving 30 mph and crash head-on into a stationary brick wall.In neither case does your car bounce off the thing it hits,and the collision time is the same in both cases.Which of these two situations would result in the greatest impact force?
Individually Liable
Responsibility of a person to bear the loss or fulfill obligations from their personal assets, independently of others' liabilities.
Preincorporation Contracts
Agreements entered into on behalf of a corporation not yet legally formed, which may bind the corporation once it comes into existence.
Promoter
A person or company that finances or organizes events, especially in entertainment or sports.
Personally Liable
Being individually responsible for a debt or legal obligation, meaning personal assets can be used to satisfy the debt if necessary.
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