Question
Janice signed a lease for a warehouse on behalf of a corporation she was forming with two business associates. After the corporation was formed, the
Janice signed a lease for a warehouse on behalf of a corporation she was forming with two business associates. After the corporation was formed, the board of directors decided not to use the warehouse because it found a better location at a better rate in a neighboring town. Janice will:
Group of answer choices
not be allowed to have an ownership interest in the corporation she helped create.
be prohibited from acting pursuant to the corporate opportunity rule.
not be personally liable for the lease contract entered into before the corporation was formed.
be personally liable for the lease contract entered into before the corporation was formed because the corporation did not choose to adopt it.
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