Register
When does a corporation become a party to contracts made by the person forming a corporation?
44.4k views
3 votes
When does a corporation become a party to contracts made by the person forming a corporation?

User Latikov Dmitry
by
3.6k points

1 Answer

5 votes

Answer:

They become part of a contract when the agents, personnel, and officers bind the contract of the cooperation by law.

Step-by-step explanation:

the law that binds the contract is called agency law or cooperate law.

User Sakshi Singla
by
3.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.5m questions

4.5m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. what is his best option for affording a bachelors degree
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches of stir-fry. Customers have only one choice during the lunch hour so that
Link Copied!