On October 30, 2020, Jessi J opened an electronics store in Park Plaza and, in order to protect his personal finances, incorporated the business as a private limited company. Jessi J trusted this task to his Attorney Michon who told him that he would register the company the following Monday (November 2, 2020). Unfortunately, Michon was ill over the weekend and so decided to take Monday and Tuesday off work to recuperate. The company was not registered for Jessi J until Wednesday, November 4, 2020. On Tuesday, Jessi J thinking that the company had been registered, entered into contracts for stock which he signed on behalf of the company. When he received the documentation from Michon, Jessi J did not notice the date on which the company had been registered. The first three months of trading have proved to be a disaster and all of Jessi J's savings are now completely gone. He has decided to liquidate the company. He still has not paid the bill for the equipment. Advise Jessi J. Issues Legal principles Application Advice