Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dana and Andrea are the promoters of a corporation. they entered into a lease on April 10 prior to the formation of the corporation. On

Dana and Andrea are the promoters of a corporation. they entered into a lease on April 10 prior to the formation of the corporation. On July 10, the corporation was formed and moved into its premises. what is the effective date of the lease? Why? what is the name of the principle that governs your answer?

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

Law for business and personal use

Authors: John E. Adamson

18th edition

538445887, 538445882, 9781111803131 , 978-0538445887

More Books

Students also viewed these Law questions

Question

Develop the COS document? LOP5

Answered: 1 week ago

Question

1. What will happen in the future

Answered: 1 week ago

Question

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago