If a subsidiary in its own name signs a contract with a third party what is the validity of the contract? ( )
A.
The contract is valid. The subsidiary bears the liability and the parent company assumes joint liability
B.
The contract is invalid as the subsidiary is not a separate legal personality.
C.
The contract is valid. The liability should be borne by the parent company.
D.
The contract is valid. The parent company shall bear independent liability.