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Essay heading: Business Law Case anaylsis outline
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Business |
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| Date added: |
April 7, 2000 |
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4 / 1064 |
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Essay content:
The legal issue arises on whether the seller has the right to take legal action and succeed in gaining any monetary compensation from Thomas, the promoter, or the business which has not been incorporated yet. Does Thomas have any liability toward the transaction?
IV. Laws
a. Pg. 334 of the “Business Law” textbook, “In the course of forming the corporation, the promoter may incur costs, make contracts, and do other acts in furtherance of the corporation...
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Laws
a. Pg. 334 of the “Business Law” textbook, “In the course of forming the corporation, the promoter may incur costs, make contracts, and do other acts in furtherance of the corporation. Since the promoter is not an agent, the corporation is not automatically responsible or liable for these obligations and contracts...
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