Which of the Following Is False Regarding Promoters

question 55

Multiple Choice

Which of the following is false regarding promoters?

• A) Promoters prepare the corporation's incorporation papers.
• B) Promoters raise capital for the infant corporation.
• C) Promoters can purchase buildings for the corporation.
• D) Promoters are agents for the company being formed.
• E) A promoter may insert a clause into a contract with a supplier stating that the corporation's adoption of the contract terminates the liability of the promoter.

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Definitions:

Coercive

Relating to or using force or threats to persuade someone to do something or to achieve compliance.

Severe Physical Abuse

Intense or extreme forms of physical harm or injury inflicted on an individual, often in a repeated or systematic manner.

Wartime Atrocities

Acts of cruelty and brutality committed during war, often involving the violation of the laws and customs of warfare and human rights.

Criminality

A behavior or actions that violate the laws set by a community, state, or country, resulting in the commission of a crime.