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Which of the following contract is signed by the promoters with the third party on behalf of the proposed company?
  • a)
    Preliminary contracts
  • b)
    Provisional contract
  • c)
    Prospectus
  • d)
    Memorandum of association
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following contract is signed by the promoters with the th...
Preliminary contracts are contracts entered into by the promoters on behalf of the company before its incorporation with third parties. They generally enter into these contracts as agents or trustees of the company, which has not yet come into existence.
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Community Answer
Which of the following contract is signed by the promoters with the th...
Preliminary is nothing but other expenses....preliminwry contracts are the contrcats signed by the promoters with the third party on behalf of the company...
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