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{"ops":[{"insert":"Zuri and his friends (promoters) have submitted an application to the Registrar of Companies for getting a company incorporated as a public company. Pending the Registrar\u2019s decision of granting certificate of incorporation, the promoters enter into certain contracts for the purchase of some assets for the proposed company. Explain the legal position of promoters\u2019 liability and the liability of the proposed company after\u00a0its incorporation,\u00a0in this regard. (15 marks)\n\n"}]}
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