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With reference to the Australian law Under common law, is a promoter of a company liable for pre-registration contracts entered on behalf of a company?

With reference to the Australian law

Under common law, is a promoter of a company liable for pre-registration contracts entered on behalf of a company? Under s131 of the Australian Corporations Act, is a promoter of a company liable for pre-registration contracts entered on behalf of a company? Explain.

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