Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hua and Ignacio decide to incorporate Exam Co.They decide not to use an attorney, and instead rely on a form-book that they purchase in a

Hua and Ignacio decide to incorporate Exam Co.They decide not to use an attorney, and instead rely on a form-book that they purchase in a bookstore.They mail their articles of incorporation to the appropriate filing location (the relevant Secretary of State) on September 1.The same afternoon, Hua signs a contract to purchase a piece of real property as "Hua, President of Exam Co."Assuming that the Secretary of State rejects the articles because of an error that they contain, will Hua be liable on the contract?Why or why not?Will Ignacio be liable on the contract?Why or why not?

Do you think that the jurisdiction makes any difference?Why or why not

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Financial Accounting Information For Decisions

Authors: Robert w Ingram, Thomas L Albright

6th Edition

9780324313413, 324672705, 324313411, 978-0324672701

Students also viewed these Finance questions