Entered into pre-incorporation contract

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Reference no: EM131759335

Plaintiff's corporation, engaged in the sale of plastics, entered into a pre-incorporation contract that was initiated and concluded by two persons who later became officers of the corporation. It formed the basis for the subsequent sale to defendant of over $1 million in goods. Suit was brought to recover balance due on goods sold. The defendant denied liability because the plaintiff was not incorporated at the time of the contract. Should plaintiff be allowed to recover? Explain.

Reference no: EM131759335

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