Where a person. signs this contract on behalf of a company to be formed and the company is not incorporated within 45 days after acceptance by the seller or the company after being duly incorporated does not adopt and ratify this agreement within 7 days after incorporation the person who signs this agreement shall remain liable to the seller as surety or co principal debtor for the obligations of the purchaser in terms of this agreement waiving the hereinafter mentioned legal exceptions.
Appears in 3 contracts
Sources: Deed of Sale, Deed of Sale, Deed of Sale