Asked by Geneiva Kaarto on Jun 30, 2024
Verified
A stock subscription agreement signed before incorporation may obligate a person to purchase shares in the corporation.
Stock Subscription Agreement
A legal contract outlining the purchase of shares in a company by investors under specific terms and conditions.
- Achieve an understanding of the tasks and roles attributed to corporate leadership, making distinctions between shareholders, directors, and officers.
Verified Answer
AN
Amber NathanJul 07, 2024
Final Answer :
True
Explanation :
A stock subscription agreement signed before incorporation is a pre-incorporation contract that obligates the signatory to purchase shares once the corporation is formed, making it binding upon both the subscriber and the corporation.
Learning Objectives
- Achieve an understanding of the tasks and roles attributed to corporate leadership, making distinctions between shareholders, directors, and officers.
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