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A promoter signed a preincorporation contract for web-hosting services. After incorporation, the corporation used the hosting services for four months, paid two invoices from its corporate account, and then refused to pay the remaining invoices.
Which statement is most accurate about corporate liability?

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The corporation may adopt a preincorporation contract expressly or impliedly by accepting benefits with knowledge of the material terms. The corporation adopted the contract automatically when articles were filed, regardless of its later conduct. The corporation can never become liable on a preincorporation contract. The corporation adopted the contract only if it signed a new written agreement using the word adopt.

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