Social Studies, 31.03.2020 16:19, aide1234564

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

Answers: 3

Show answers

Other questions on the subject: Social Studies

Social Studies, 21.06.2019 18:10, azzyla2003

Sarah and joe are arrested for allegedly stealing computer equipment. which of the following is correct? the trial would only begin and end in the state court system in the state where the crime is alleged to have happened. the trial would begin in a state-level appellate court and go to the federal court of appeal if the verdict is challenged. the trial would begin in a state-level court of original jurisdiction and go to a state appellate court if either side appeals the case. the trial would begin in a u. s. district court for the circuit and go to the u. s. supreme court if either party challenges the verdict.

Answers: 1

continue

Social Studies, 22.06.2019 02:30, gatorgirl10152

In a market economy, what does a producer mean when it asks, "is there a market for my products? is there a place where we can sell our products? " "ls our product being made more cheaply overseas? " will consumers need and want to buy our products? " will the government support demand for our products? "

Answers: 1

continue

Social Studies, 22.06.2019 11:00, pal23

How is the uk’s government is solving the air pollution problem?

Answers: 2

continue

Social Studies, 22.06.2019 12:00, oof1231

Why learning about people and places around is important?

Answers: 2

continue

Do you know the correct answer?

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