Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5) John is acting as a promoter for a yet to be incorporated new company. Prior to incorporation of the new company, John signs a

image text in transcribed
5) John is acting as a promoter for a yet to be incorporated new company. Prior to incorporation of the new company, John signs a preliminary contract to rent an office for the new company. Later the new company is incorporated and John wants to transfer liability for the preliminary contract from himself to the new company. Please describe what liability John faces and the legal methods by which he can transfer liability from himself to the newly incorporated company

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elliott And Quinn's Criminal Law

Authors: Louise Taylor

12th Edition

1292208481, 978-1292208480

More Books

Students also viewed these Law questions