Liabilities for transactions before incorporation - статья по прочим предметам

 

Тезисы:

  • Rights And Liabilities Of Promoters.
  • Transactions beyond the purposes and powers of the corporation are ultra vires.
  • B) American Rule--the corp is liable if it later ratifies or adopts pre-incorporation K.
  • Rights And Liabilities Of Corporation.
  • A) Exceptions--the successor corp may be liable for its predecessor liabilities if.
  • Rationale: the corp was not yet in existence at the time the promoter was acting.
  • Powers Of The Corporation.
  • Understanding that the principal is in control of the undertaking.
  • Ratification assumes that the principal was not previously bound.
  • It doesn't matter to whom the affirmance is made.
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