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Talk about:
-the Constitution of 1789
Promoter
A person who incorporates a business, organizes its initial management, and raises its initial capital.
Preincorporation Contract
An agreement made by the incorporators or promoters of a company on behalf of the company before it has been legally formed.
Liable
Legally responsible or obligated to compensate for harm, loss, or damage caused by one's actions or omissions.
Capitalize
The accounting practice of recording a cost or expense on the balance sheet for the purposes of delaying full recognition of the expense over time through depreciation or amortization.
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