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16. Aditya is promoting a company. Before the company is formed, he enters into a contract with DLF for
purchase of land and also agrees to pay 10 crores within a period of 2 months. The company was formed
within 1 month. On the basis of the facts, answer the following questions:
1) Which type of contract is entered by Aditya?
2) Is the contract legally binding on the company?
3) Can DLF Ltd. holds Aditya liable for payment of money?
4) What can the company do to prevent Aditya from such a situation?
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