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Chandler is a promoter of Friends Pty Ltd. He has entered into two contracts on behalf of Friends Pty Ltd before it was registered. When

Chandler is a promoter of Friends Pty Ltd. He has entered into two contracts on behalf of Friends Pty Ltd before it was registered. When the company was later registered, Chandler became a founding director.

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Explain to Chandler how he can avoid being made liable for the two pre-registration contracts he entered into.

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