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7 building blocks · blurt the topic, then mark it block by block against the answer key.
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Preview the first part of the topic. Unlock SQE1 FLK1 Playbook to answer prompts, get marked against the answer key, repair gaps, and carry the topic into review.
6 of 7 shown
Why can a company not make a contract before it is incorporated?
If a founder signs a lease or supply agreement for a company that has not yet been formed, who is initially on the hook and why?
Where a promoter made a contract for a company before it was incorporated, does incorporation alone make the company bound by that contract, and why?
Where a promoter negotiated a deal for a company before it was formed, what must happen after incorporation for the company to become bound by that deal?
Under a lease signed for a company before incorporation, why may the promoter be liable even though the newly formed company is not automatically the tenant?
A founder is negotiating a start-up deal before the company exists; how should the timing of signature address the risk of personal liability and the mistaken assumption that the company is already bound?
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