According to the provisions of the Corporations Act (2001), contracts entered into on behalf of a company prior to registration are: 0 Unenforceable and not binding on the company. 0 Automatically enforceable and binding on the company upon its registration. 0 Enforceable and binding on the promoters who concluded the contracts irrespective of the company's decisions. 0 Enforceable and binding on the company upon its registration on the condition that the company raties the contract