Question

Preliminary Contracts are (a) binding on the Company (b) binding on the Company, if ratified after incorporation (c) binding on the (d) not binding on the Company, after incorporation Company

Answer 1

Explanation:

(Q) Preliminary Contracts are

(a) binding on the company

(b) binding on the company, if ratified after incorporation

(c) binding on the company, after incorporation

(d) not binding on the company

Answer (d) Preliminary Contracts are not legally binding on the company. A company cannot ratify a preliminary contract.

Answer 2

Answer:

(d) not binding on the Company, after incorporation Company

Explanation:

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