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Assume Tommy and Richard have not yet formed a corporation but that they intend to file the proper paperwork to incorporate after they make their first sale. If Tommy and Richard agree to sell their brakes to a buyer, but their financing falls through, forcing them to breach their agreement with the buyer, are Tommy and Richard personally liable for the buyer's damages? Tommy and Richard can never be personally liable as promoters. Tommy and Richard are not personally liable because they are protected by a corporate veil. Tommy and Richard are personally liable as promoters. Tommy and Richard are not personally liable because, although they never formed a corporation, they intended to form a corporation at the time they entered into the sales contract.
Short Paper on Cross-cultural Opportunities and Conflicts in Canada.
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Write a definition for associative property of multiplication.
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