what are the liabilities of a promote in a case of pre incorporation contract
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Promotes on behalf of the company entered a contract before incorporation and are liable to company as well as the third parties in respect of their conduct of entering the contracts during the pre-incorporation stage including the statement in prospectus, either treating the as the agent or the trustees of the company.
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Promotes on behalf of the company entered a contract before incorporation and are liable to company as well as the third parties in respect of their conduct of entering the contracts during the pre-incorporation stage including the statement in prospectus, either treating the as the agent or the trustees of the company
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