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The ABC Company is going to be incorporated in the form of a private company. As a promoter, Minh signed a contract with an Equipment provider. Before incorporation, ABC Corporation paid half of the contract via bank account. After incorporation, the company ABC transferred a third of the contract to the Equipment provider’s bank account, then stopped paying. Does Minh have to pay the remaining of the contract?

User Ken Krueger
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1 Answer

23 votes
23 votes

Answer:

Minh doesn't have to continue paying for the contract.

User Maglob
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