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Is alex liable for those contracts

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Reference no: EM132119936

ABC is a nonprofit corporation formed by Alex. As its promoter, Alex made a few contracts with Johnsons Inc. The following year, Alex formed another for-profit company. Meanwhile, Johnsons Inc., claimed that Alex has not honored the contracts he made with them as promoter of ABC. Is Alex liable for those contracts? If not, what remedies are available for Johnsons Inc.??

Reference no: EM132119936

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