2. Free Ncert Solutions
  3. 11th Class
  4. Business Studies
  5. Formation Of A Company

11th Class Business Studies Formation Of A Company

  • question_answer 8)
    Preliminary Contracts are (a) binding on the company (b) binding on the company, if ratified after incorporation (c) binding on the company, after incorporation (d) not binding on the company  

    Answer:

    (d) Preliminary Contracts are not legally binding on the company. A company cannot ratify a preliminary contract.


You need to login to perform this action.
You will be redirected in 3 sec spinner