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A preincorporation share subscription is: a. a contract binding the corporation at the time of...

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Question

Accounting

A preincorporation share subscription is:

a. a contract binding the corporation at the time of incorporation.

b. preferred by modern corporate promoters over a post incorporation subscription.

c. irrevocable by the subscriber for six months after the subscription has been issued.

d. a contract binding the corporation at the time of its issuance.

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