This section is from the book "The Law Of Contracts", by William Herbert Page. Also available from Amazon: Commercial Contracts: A Practical Guide to Deals, Contracts, Agreements and Promises.
[The contract of subscription is usually preceded by a prospectus which sets forth the advantages of co-operative ownership; the plans and specifications of the building; the cost of various apartments, etc.; an estimate of the probable income from the building and of probable expenditures; the scheme of organization and financing, and the substance of the contract between the realty corporation and the contractor.]
 
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