Which of the following is a distinguishing characteristic of pre-incorporation contracts?
A) They can be entered into only on behalf of a shelf company.
B) They are the sole vehicle for doing corporate business quickly.
C) They are governed by federal and provincial statutes.
D) They pose the same conceptual problems as tort liability.

Question

Quizplus · Accepted Answer

Pre-incorporation contracts are governed by federal and provincial statutes, which provide the legal framework for their enforceability and the obligations of the parties involved.

Which of the Following Is a Distinguishing Characteristic of Pre-Incorporation