Fact Scenario: Terrence and Kate, promoters for a corporation to be formed, have entered into agreements with a car dealership to purchase a car for the corporation and with a communications company to purchase cell phones for the corporation. The corporation will engage in fitness training in Florida. 1. The corporation is never formed. May the car dealership and communications company sue Terrence and Kate? Discuss. 2. Assume that the corporation is formed. How can the corporation be made a party to the agreements, and how can Terrence and Kate be relieved of any liability under the agreements?