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As a General Rule, Promoters Are Not Liable for Contracts

question 25

True/False

As a general rule, promoters are not liable for contracts they make on behalf of corporations that are not yet formed.

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Definitions:

Elderly

Refers to individuals, typically aged 65 and older, who are in the later stage of life and often experience changes in health and social roles.

Elderly

Pertaining to individuals who are significantly beyond the average age of retirement, typically considered to be 65 years and older.

Internet

A global system of interconnected computer networks that allows for the vast exchange of information and provides a platform for communication and data access.

Dementia

A wide-ranging class of neurological disorders characterized by a persistent and typically progressive decline in cognitive ability, impacting everyday activities.

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