Advertisements
Advertisements
प्रश्न
True/False Answer Question:
A company can ratify preliminary contracts after incorporation.
विकल्प
True
False
MCQ
सत्य या असत्य
Advertisements
उत्तर
The statement is FALSE.
This is because a preliminary contract is signed before the incorporation of a company. These are contracts which the promoter undertakes with the third party during the company’s promotion. Thus, the company cannot ratify preliminary contracts after incorporation and cannot also be forced to honour these contracts.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
