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Could a promoter still be liable, even if the company ratifies the pre-registration contract? Select one: a. A promoter may still be liable for a
Could a promoter still be liable, even if the company ratifies the pre-registration contract? Select one: a. A promoter may still be liable for a contract, if the company disputes the amount payable under the contract, or if the company cannot pay the full amount. b. A promoter, as director, can ratify a contract on behalf of a company and consequently pass the full liability of the contract to the company. c. A promoter ceases to be a promoter once the company is formed, hence the promoter cannot be liable for a pre-registration contract as a promoter. d. A promoter will no longer be liable for a contract once the company registers and ratifies the pre-registration contract
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