Question Tag: Legal Definition

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What is meant by “pre-incorporation contract”? (2 marks)

The term “pre-incorporation contract” refers to a contract that is made between persons other than the subject incorporated company, in connection with the company, before its incorporation.

[Definition worth 2 marks]

Explain the term “Professional Negligence.” (2 marks)

Professional negligence is a breach of the duty of care between professionals and their clients. The duty of care is a common law arrangement where the client expects a level of professionalism and standards commonly held by those in the profession.