A promoter is in a ________ relationshipQuestion 3Answera.Businessb.agencyc.promotiond.fiduiciary

_____and _____ who act in professional capacities in the formation of a company are not deemed to be promotersQuestion 1Answera.Subscribers and Accountantb.Lawyers and Shareholdersc.Accountants & Lawyersd.Manager and Secretarie

Pre-incorporation contract between the promoter and the company becomes binding by ratification by ___________Question 6Answera.General meetingb.Independent Board of Director of which the promoter participatedc.Managing Directord.Independent Board of Director, of which the promoter was recused.

An agency relationship can be formed through the implied Blank______ of the parties.Multiple choice question.authorizationnovationratificationconduct

Who is called the 'Trustee of the company'?a) Shareholderb) Partnerc) Directord) Promoter

When an employer hires an employee to enter into contracts on its behalf, this is known as a(n) Blank______ relationship.Multiple choice question.delegator-delegateeemployer-independent contractorprincipal-agentthird-party beneficiary