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Topic: Business
Number of pages / Number of words: 4 / 1064
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Application of facts to laws

a. From the Business Law Textbook, Thomas has no liability or is obligated to the contract because he is a promoter and not an agent.

b. From The Lecture notes, Thomas was able to initiate deals but since the corporation was not yet incorporated then it does not bind and again he himself is not liable when the corporation is, in fact, formed...


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Application of facts to laws

a. From the Business Law Textbook, Thomas has no liability or is obligated to the contract because he is a promoter and not an agent.

b. From The Lecture notes, Thomas was able to initiate deals but since the corporation was not yet incorporated then it does not bind and again he himself is not liable when the corporation is, in fact, formed...


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