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1.Which of the following describes the general duty of a promoter?
A Reasonable skill and care
B Competence and accuracy
C Due diligence (1 mark)
2.Which of the following statements concerning pre-incorporation contracts is correct?
A Pre-incorporation contracts must be ratified by the company
B Pre-incorporation contracts cannot be ratified by the company
C Pre-incorporation contracts can be ratified by the company if the third party agrees (1 mark)
