What Are The Pre Incorporation Contracts? A pre incorporation contract is one which is purportedly made by or on behalf of a corporation at a time when the corporation has not yet been incorporated. … When the pre-incorporation contract is made, the corporation is not in existence and therefore cannot be a party to the
What Are The Effect Of Pre-incorporation Contract? The company cannot be sued on the preliminary Contracts even though when it comes into existence and takes the benefit thereof. The company cannot be sued for those expenses, which are incurred before its incorporation because it was not in existence when the expenses were actually incurred. What
What Is Meant By Pre-incorporation Contract? A pre incorporation contract is one which is purportedly made by or on behalf of a corporation at a time when the corporation has not yet been incorporated. … However, adoption of the contract is anticipated by the parties to the contract. What is pre-incorporation in law? A pre-incorporation