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QUESTION

A promotor signs a five year lease agreement for office space for a corporation that has not yet been formed.

A promotor signs a five year lease agreement for office space for a corporation that has not yet been formed. After the formation the corporation moves into the office space, pays rent and occupies it for seven months, but then finds a less expensive location and moves out. Would the promotor, corporation, or both be liable for the unpaid amounts on the lease?

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