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[Show more]An enterprise may not be a Subchapter S corporation if it owns more than __________ of 
the stock of a subsidiary corporation. 
A) 60 percent 
B) 80 percent 
C) 70 percent 
D) 50 percent - B) 80 percent 
After the ULLCA was created, some states have started to adopt an act that modifies it called 
A...
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Add to cartAn enterprise may not be a Subchapter S corporation if it owns more than __________ of 
the stock of a subsidiary corporation. 
A) 60 percent 
B) 80 percent 
C) 70 percent 
D) 50 percent - B) 80 percent 
After the ULLCA was created, some states have started to adopt an act that modifies it called 
A...
Assumption of the risk - A defense to claims of negligence in which the injured party knew that a 
substantial in apparent risk was associated with certain conduct and the party went ahead with a 
dangerous activity anyway 
Computer Fraud and Abuse Act (CFAA) - Federal legislation that prohibits una...
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Add to cartAssumption of the risk - A defense to claims of negligence in which the injured party knew that a 
substantial in apparent risk was associated with certain conduct and the party went ahead with a 
dangerous activity anyway 
Computer Fraud and Abuse Act (CFAA) - Federal legislation that prohibits una...
Don enters into a contract with Eve, who claims to have access to a stock-trading algorithm that will 
multiply an investment many times over. When the results do not match this promise, Don learns that 
Eve does not have access to any unique software and files a suit, alleging fraud. Proof of an in...
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Add to cartDon enters into a contract with Eve, who claims to have access to a stock-trading algorithm that will 
multiply an investment many times over. When the results do not match this promise, Don learns that 
Eve does not have access to any unique software and files a suit, alleging fraud. Proof of an in...
Frustration of purpose - A court-created doctrine under which a party to a contract will be 
relieved of his or her duty to perform when the objective purpose for performance no longer exists (due 
to reasons beyond that party's control). 
Based on Bluto's conduct, Cass reasonably believes that De...
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Add to cartFrustration of purpose - A court-created doctrine under which a party to a contract will be 
relieved of his or her duty to perform when the objective purpose for performance no longer exists (due 
to reasons beyond that party's control). 
Based on Bluto's conduct, Cass reasonably believes that De...
what is anticipatory repudiation? - Doctrine under which, when one party makes clear that party 
has no intention to perform as agreed, nonbreaching party is entitled to recover damages in anticipation 
of breach rather than waiting until performance is due. 
what are the five consent defects? - 1. ...
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Add to cartwhat is anticipatory repudiation? - Doctrine under which, when one party makes clear that party 
has no intention to perform as agreed, nonbreaching party is entitled to recover damages in anticipation 
of breach rather than waiting until performance is due. 
what are the five consent defects? - 1. ...
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discovery includes - interrogatories, requests for admission, requests for documents, subpoenas, 
depositions 
discovery rules - discovery is allowed regarding any matter that is relevant to the claim or defense 
of any party 
define a controlling precedent - a binding authority that requires a cour...
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Add to cartdiscovery includes - interrogatories, requests for admission, requests for documents, subpoenas, 
depositions 
discovery rules - discovery is allowed regarding any matter that is relevant to the claim or defense 
of any party 
define a controlling precedent - a binding authority that requires a cour...
Constitutional Law - Supreme law that is the trump card. Federal government and the states have 
separate written constitutions that set forth the general organization, powers, and limits of the 
respective governments. Law as expressed in these constitutions. If a law violates a provision of the 
c...
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Add to cartConstitutional Law - Supreme law that is the trump card. Federal government and the states have 
separate written constitutions that set forth the general organization, powers, and limits of the 
respective governments. Law as expressed in these constitutions. If a law violates a provision of the 
c...
John tells Jami he would sell her his grandmother's wedding ring for $100.00. Jami accepts and they 
exchange the ring and the money. Two days later, John tells Jami that he was only joking and now wants 
the ring back and he will give her the money back. According to the objective theory of contra...
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Add to cartJohn tells Jami he would sell her his grandmother's wedding ring for $100.00. Jami accepts and they 
exchange the ring and the money. Two days later, John tells Jami that he was only joking and now wants 
the ring back and he will give her the money back. According to the objective theory of contra...
Bilateral (Mutual) Mistakes of Fact - A mistake by both contracting parties about one or more 
material facts generally entitles either party to rescind the contract 
What are two defenses to the enforceability of a contract? - The parties must both voluntarily 
consent to a form, a contract, or the...
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Add to cartBilateral (Mutual) Mistakes of Fact - A mistake by both contracting parties about one or more 
material facts generally entitles either party to rescind the contract 
What are two defenses to the enforceability of a contract? - The parties must both voluntarily 
consent to a form, a contract, or the...
Depositions are 
a. oral questions, answered orally, asked of parties and witnesses. 
b. oral questions, answered orally, asked only of parties. 
c. written questions, answered in writing, asked of parties and witnesses. 
d. written questions, answered in writing, asked only of parties. - a. oral qu...
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Add to cartDepositions are 
a. oral questions, answered orally, asked of parties and witnesses. 
b. oral questions, answered orally, asked only of parties. 
c. written questions, answered in writing, asked of parties and witnesses. 
d. written questions, answered in writing, asked only of parties. - a. oral qu...
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