Don was instrumental in forming Eden plc, which was registered and received its trading certificate in December 20X4. It has subsequently come to the attention of the board of directors that the following events had taken place prior to the incorporation of the company:

1. Don entered into a contract in the company's name to buy computer equipment, which the board of directors does not wish to honour.

2. Don entered into a contract in the company's name to develop a particular patent, which the board of directors of Eden wishes to pursue but in relation to which the other party does not wish to proceed.

3. Don entered into an agreement with Fad Ltd for business equipment. The agreement was made 'subject to adoption by Eden plc' but now Eden plc does not wish to pursue the agreement.

Required: Analyse the situation from the perspective of the law relating to company promoters and in particular advise the parties involved in the transactions detailed