1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rodikova [14]
3 years ago
12

Esther and Salim are promoters for Kale Inc. Prior to its incorporation, Esther negotiated several preincorporation contracts wi

th Ian, an investor. She signed each contract in the name of Kale Inc. Kale subsequently was incorporated, but the Kale Board of Directors refused to adopt the contracts. Ian later sues Kale, Esther, and Salim on the contracts. Which of the following statements is true of this case?
a. Only Kale and Esther are liable as Esther, a promoter of Kale, negotiated several preincorporation contracts with Ian.
b. Esther is solely liable as she signed each contract in the name of Kale Inc.
c. Kale, Esther, and Salim are liable as they are sued by Ian.
d. Esther and Salim are liable as they are promoters of Kale Inc.
Social Studies
2 answers:
Radda [10]3 years ago
8 0

Answer:

Option- D

  • Esther and Salim are liable as they are promoters of Kale Inc, is the true statement of the provided options.                                                                                                            

gizmo_the_mogwai [7]3 years ago
8 0

Answer:

D

Explanation:

Esther and Salim are liable as they are promoters of Kale Inc.

The reason being that promoters most ot the time are held liable on contracts they make on behalf of corporations that are not yet formed. If the corporation has never been formed, or if it fails to adopt the promoter's preincorporation agreement, the promoter is liable. This law is kmown or is a popular agency law that any agent who makes a contract for a principallt that is not yet in existance is personally liable for it. If more than one promoter was involved in this contract making , they are all liable under a joint enterprise theory.

You might be interested in
2. The governor commands the state militia. (1 point) True False
Simora [160]
It would be true yes the governor has right of his and ONLY his state militia<span />
7 0
3 years ago
PLEASE HELP!
Nuetrik [128]
A is the correct answer
8 0
3 years ago
The intent to commit a crime with an act taken toward committing the offense is known what type of offense?
9966 [12]
The answer is B, I think
8 0
3 years ago
Read 2 more answers
Ted is selling another car, this time to Mary. Ted tells Mary that the car has never been in an accident. Ted knows that the car
Alexxandr [17]

Answer:

Fraud.

Explanation:

There are different forms of fraudulent acts but the best way to describe the case above is called false representation.

Fraud usually takes place when a person deliberately practices deception in order to gain something unlawfully or unfairly. In most states, the act of fraud can be classified as either a civil or a criminal wrong. While fraud is most commonly committed to obtain benefits of value, it sometimes occurs solely for the purpose of deceiving another person or entity.

5 0
3 years ago
In what part of india are dravidian languages most likely to be spoken?
Zolol [24]
Hey there,

Answer:

Southern Part

Hope this helps :D

<em>~Top♥</em>
4 0
4 years ago
Other questions:
  • One of the benefits of pursuing a strategy of social responsibility and corporate citizenship is
    10·1 answer
  • Which three everyday scenarios show that the United States is a multicultural society
    9·1 answer
  • What caused the decline of the Spanish Empire?​
    8·1 answer
  • What do you think is the most important invention of the 20th Century and why?
    12·1 answer
  • What is Thomas edisons contribution to humanity
    15·2 answers
  • Altruism is a form of prosocial behavior that is motivated by ________.
    7·1 answer
  • A SWOT analysis created by the director of the HIM department indicates that all of the coding staff are credentialed and up-to-
    9·1 answer
  • Who wrote 'Common Sense'?
    10·2 answers
  • What year did the united states annex texas into the union? i will mark brainliest for right answer
    9·2 answers
  • _____ aim to catch potential smokers early and attack the underlying motivations that lead people to smoke.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!