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Bar Exam Formation & Pre-Incorporation Flashcards

Master 14 formation & pre-incorporation concepts for the Bar Exam.

Question

To whom do promoters owe fiduciary duties?


Question

What is a promoter's liability on contracts entered into before the corporation is formed?


Question

What provisions must be included in the articles of incorporation?


Question

Who has the power to adopt, amend, or repeal a corporation's bylaws?


Question

What information is required to be included in an LLC's articles of organization?


Question

To what extent does an LLC's operating agreement govern the relations among members?


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