Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 19, 2024

Analyse the fiduciary duties of a promoter in setting up a company and explain the statutory position for the promoter's liability on pre-incorporation contracts. Please

Analyse the fiduciary duties of a promoter in setting up a company and explain the statutory position for the promoter's liability on pre-incorporation contracts. Please support your answers with relevant case law and statutory provisions.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Law questions

Question

★★★★★

Lavon Phillips became engaged to marry Sarah Grendahl and moved in with her. Sarah's mother, Mary, became suspicious that Phillips was not telling the truth about his past, particularly about whether...

Answered: 1 week ago

Question

★★★★★

Isinterestoneachofthedebtobligationsdescribedbelowsubjecttotaxunder87l(a)(l)or88l(a)?Isitsubjecttowithholdingunder1441or1442?WouldthetaxbeaffectedbyatreatybetweentheUnitedStatesandtherelevantforeignco...

Answered: 1 week ago

Question

★★★★★

=+a) What time series components do you observe in this series?

Answered: 1 week ago

Question

★★★★★

Taylor Orlando began Taylor Roofing, his roofing business, on March 1, 2022. On March 31, the balances in the accounts were as follows. Cash $9,000, Accounts Receivable $2,000, Equipment $8,000,...

Answered: 1 week ago

Question

★★★★★

Presented below are four independent situations. (a) on March 1, 2018, Headland Co. issued at 102 plus accrued interest $4, 070,000, 9% bonds. The bonds are dated January 1, 2018, and pay interest...

Answered: 1 week ago

Question

★★★★★

Lessor leases asset to Lessee on 1/1/2020. Lease term is 1 year. Lease payment is $10,000/month with each payment due at the end of the month. Lessee elects the shortcut method for short-term leases....

Answered: 1 week ago

Question

★★★★★

Clearly EXPLAIN which area you have decided to focus on for your program/project development (i.e. recreation, housing, education, food security, elder abuse) and your rationale (the reason why) for...

Answered: 1 week ago

Question

★★★★★

Question 1: Evaluate the Role of Corporate Social Responsibility (CSR) in Modern Business Practices Question 2: Analyze the Impact of Globalization on Small and Medium-Sized Enterprises (SMEs)

Answered: 1 week ago

Question

★★★★★

Question 1: Discuss the Importance of Capital Structure in Financial Management. Analyze the Factors that Influence a Firm's Capital Structure Decision. Question 2: Evaluate the Efficient Market...

Answered: 1 week ago

Question

★★★★★

Evaluate the ecological and economic importance of invertebrates in providing ecosystem services. Focus on at least three types of services, such as pollination, decomposition, and biological...

Answered: 1 week ago

Question

★★★★★

Discuss the evolutionary adaptations that have enabled various groups of invertebrates to survive and thrive in extreme environments such as deep-sea hydrothermal vents, arid deserts, and polar...

Answered: 1 week ago

Question

★★★★★

QUESTION 1 (a)State how the following transactions would be recorded in Singapore's' Balance of payments. In your answer state the item , the relevant account, and whether it is a credit or a debit...

Answered: 1 week ago

Previous Question Next Question