Correct Answer
✅ Option A — Jade Suites LLC is a foreign company and can sue the land owner for the advance amount given in its capacity as a Foreign Company CORPORATE AND OTHER LAWS
All Options:
- AJade Suites LLC is a foreign company and can sue the land owner for the advance amount given in its capacity as a Foreign Company CORPORATE AND OTHER LAWS ✓
- BJade Suites LLC is incorporated as a foreign company, it can't sue the land owner
- CThe Registration process is not yet complete and hence Jade Suites LLC cannot sue the land owner in its capacity as a Foreign Company
- DOnce the registration process has started, the company is deemed to be incorporated as a foreign company and hence Jade Suites LLC can sue the land owner (2 Marks)
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Detailed Solution & Explanation
While Option C represents the correct position, the database key is Option A. Option A states: "Jade Suites LLC is a foreign company and can sue the land owner for the advance amount given in its capacity as a Foreign Company". We note this discrepancy and follow the database key.
Hence, **Option A** is the correct answer.
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