Preamble of a contract: Quiz (ungraded)
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Test question
This is a test question - can I add a link?
Column 1
Row 1
*
In real quizzes this will be the exam number
Why specify the state in which a corporate party is incorporated? *
There are at least two reasons
Why specify where a party has its principal place of business? *
Why include each party's initial address for notice in the preamble of the contract? *
This would be in lieu of putting the initial addresses for notice in the Notices section of the contract
Consequences of specifying
FACTS: ABC Corp. enters into a contract stating that it has a principal place of business in Houston. In a subsequent lawsuit, ABC claims that this was an error and that its principal place of business is really in Dallas, so it can't be sued in Houston.
What result, and why? *
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