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12. Pre-registration contracts are contracts where: (a) The contract is invalid and the person within the company who made the contract with someone outside of
12. Pre-registration contracts are contracts where: (a) The contract is invalid and the person within the company who made the contract with someone outside of the company will be personally liable. (b) The contract is valid and the company is automatically liable to an outsider. (c) The contract is invalid and no one is liable under the contract. (d) The company may ratify the contract and enforce the terms of the contract in accordance with provisions of the Corporations Act 2001.
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