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Formation of a Company — Business Studies STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesFormation of a Company1 Mark
Question
True/False Answer Questions.
A company can ratify preliminary contracts after incorporation.
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Answer

False.Preliminary contracts or pre-incorporation contracts are not legally binding on the company. A company cannot ratify a preliminary contract.

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