Question 5 (7 marks) Philippa is the promoter of a soon to be registered company, Visionetworks. Before the Visionetworks is registered, Philippa negotiates and signs four contracts in the name of the company. When Visionetworks is eventually registered, Philippa is appointed as a founding director. Explain to Philippa how she can avoid being liable for the pre registration contracts she entered into. (Maximum 150 words)