ACCA · Question 32 · Syllabus D: The formation and constitution of business organisations
A promoter of a company owes fiduciary duties to the unformed company. Which of the following is a key duty of a promoter?
Answer options:
To guarantee the company's future debts.
To disclose any secret profits made during the promotion of the company.
To purchase shares in the company upon incorporation.
To act as the first director of the company.
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