This is a contract principle whereby a person agrees to assume a contract previously made for his or her benefit. This concept is applied when a newly formed corporation accepts a pre-incorporation contract made for its benefit by a promoter.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). adoption. Retrieved September 20, 2026, from http://smartdefine.org/adoption/definitions/1147273 |
| Chicago | Barry Goldsmith. 2010. "adoption" http://smartdefine.org/adoption/definitions/1147273 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, adoption, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/adoption/definitions/1147273>. |
| MLA | Barry Goldsmith. "adoption" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/adoption/definitions/1147273> |