Ridley is setting up a new architectural lighting company and is acting as the promoter of the  as yet unincorporated business.  She needs to order some specialized equipment in order to get started.  She orders the equipment, which is financed in the name of the business.  The corporation will be liable for paying for this equipment because Ridley is its agent.

Promoter

In a business context, a promoter is an individual or entity involved in organizing and starting a company, raising capital, and taking the necessary steps to establish it.

Unincorporated Business

A business structure without a separate legal entity from its owner, where the owner is personally responsible for the business's debts and obligations.

Specialized Equipment

Tools or machinery designed for a specific, often technical or industrial, purpose, necessitating particular skills for operation.