Final answer:
The Revised Model Business Corporation Act provides that individuals acting on behalf of a corporation before incorporation can be held liable for any resulting liabilities.
Step-by-step explanation:
The Revised Model Business Corporation Act (RMBCA) provides that anyone purporting to act on behalf of a corporation, knowing incorporation has not yet occurred, is jointly and severally liable for all liabilities created by the acts. Therefore, the statement is TRUE. This means that if someone falsely represents themselves as acting on behalf of a corporation before it is officially incorporated, they can be held responsible for any liabilities resulting from their actions.