Liability of Promoter

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1. Which fact did Caram treat as insufficient, by itself, to impose personal liability for pre-organization services? Multiple Choice Easy
2. Under RCC Section 20, which knowledge qualification is material to liability for assuming to act as a corporation? Multiple Choice Easy
3. Section 20 describes qualifying persons' liability in what terms? Multiple Choice Easy
4. P personally contracts to pay a consultant for preparatory services, expressly undertaking payment even if the proposed… Multiple Choice Medium
5. An investor first joins after a project study was commissioned by others. The investor neither requested it nor underto… Multiple Choice Medium
6. Before any certificate issues, A and B knowingly operate under a corporate name without authority and incur a supplier … Multiple Choice Hard
7. A promoter personally owes a supplier under a valid contract. After incorporation, the company agrees to pay, but the s… Multiple Choice Hard
8. State Caram's actual holding relevant to subsequent investors and identify the question it did not decide. Essay Medium
9. Explain RCC Section 20's relevance to a promoter knowingly acting as a corporation without authority. Essay Medium
10. Distinguish a company's later undertaking to pay from release of a promoter's personal debt. Essay Medium
11. A promoter’s valid personal fee promise is subject to a suspensive condition. Under Article 1181, what controls acquisi… Multiple Choice Easy
12. Under Article 1186, what happens if the obligor voluntarily prevents fulfillment of a condition? Multiple Choice Easy