Next Generation Bar Exam Quiz
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BUSINESS ASSOCIATIONS AND RELATIONSHIPS
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Tara, a promoter, signs a contract with Ultra Office Supply for furniture to be delivered to 'Vertex Corp., a corporation to be formed.' The contract states: 'Vertex Corp. shall be solely liable for all amounts due; Tara shall have no personal liability.' Vertex Corp. is incorporated the next week but never accepts or uses the furniture. Ultra demands payment, first from Vertex, then from Tara.
Under common law and the Model Business Corporation Act, which of the following is most accurate regarding Tara's liability?
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