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Question
Pam and Sam are promoters for Kale Corporation. Prior to its incorporation, Pam negotiated several preincorporation contracts with Ian, an investor. She signed each contract in the name of Kale Corporation. Kale subsequently was incorporated, but the Kale Board of Directors refused to adopt the contracts. Ian later sues Kale, Pam, and Sam on the contracts. Who is liable?
A. Kale and Pam
B. Pam only
C. Kale, Pam, and Sam
D. Pam and Sam
Answer
This answer is hidden. It contains 368 characters.
Related questions
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