Publisher's Synopsis
Excerpt from The Principles of the Law Relating to Corporate Liability for Acts of Promoters: Being the Sharswood Prize Thesis in the Law Department of the University of Pennsylvania for the Year Eighteen Hundred and Ninety-Seven
Now, although any act done with reference to the creation of a company will constitute one a promoter, it does not follow that a status is created. The relationship thereby established has no significance except as regards the act done. That is to say: with respect to that act, the one doing it is a promoter and subject to all the rights and liabilities which that term implies; but if he should subsequently abandon the enterprise he could not be held for acts done after his connection with the project had ceased, on the broad ground that he was a promoter of the company.
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