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What is the legal status of a promoter in relation to a company?

A promoter is "Neither an agent nor a trustee" of the company (which does not yet exist) but stands in a fiduciary relationship towards it.

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What is the legal status of a promoter in relation to a company?

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Correct answer D

A promoter is "Neither an agent nor a trustee" of the company (which does not yet exist) but stands in a fiduciary relationship towards it.

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