Lsb 3213 holden - Study guides, Class notes & Summaries

LSB 3213 Exam 2 – Holden Guaranteed A+ - Illegal contracts are A) Void B) Voidable C) Unjust D) A violation of the Uniform Commercial Code ️A - Generally, contracts for the sale of goods fall under the jurisdiction of: A) The Uniform Commercial Code. B) State statutory law based on the Uniform Commercial Code. C) State common law. D) Federal regulations. ️B - Will and Kendrick reside in a state where contracts for transactions exceeding $500 must be in ...

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. Reform Limited Company Act B. Reformed Limited Liability Corporation Act C. Revised Uniform Limited Liability Company Act D. Revised Limited Company Formation Act - C. Revised Uniform Limited Lia...

Cyndy is a sole proprietor of a day care. She wishes to build a new playground and also purchase new toys. She plans on doing this in stages and therefore wants a loan where she can draw against a predetermined amount as she needs it rather than getting a lump sum loan. Which type of loan would you recommend for Cyndy? A) Collateral B) Line of credit C) Private loan D) Commercial loan - ️️b. line of credit Which of the following is true about a sole proprietorship? A) It is subject ...

LSB 3213 John Holden Oklahoma State Exam 3 Practice Questions and Answers All of the following are methods that a sole proprietorship can raise money except A) Private loans. B) Commercial loans. C) Sell ownership in the business. D) Line of credit - Answer️️ -Sell ownership in the business Which of the following is true about a sole proprietorship? A) It is subject to corporate income tax. B) Sole proprietorships face double taxation. C) The owner reports income and expenses on t...

LSB 3213 Exam 2 – Holden Practice Questions and Answers (100% Pass) Illegal contracts are A) Void B) Voidable C) Unjust D) A violation of the Uniform Commercial Code - Answer️️ -A In general, contracts for the sale of goods are governed by: A) the Uniform Commercial Code. B) state statutory law based on the Uniform Commercial Code. C) state common law. D) federal regulations. - Answer️️ -B Will and Kendrick live in a state that requires that contracts involving transaction...

EXAM 2: LSB 3213 Exam 2 – Holden; Questions with Solutions Illegal contracts are A) Void B) Voidable C) Unjust D) A violation of the Uniform Commercial Code Correct Answer-A

EXAM 3: LSB 3213 John Holden Oklahoma State; Questions and Answers All of the following are methods that a sole proprietorship can raise money except A) Private loans. B) Commercial loans. C) Sell ownership in the business. D) Line of credit Correct Answer-Sell ownership in the busine

Illegal contracts are A) Void B) Voidable C) Unjust D) A violation of the Uniform Commercial Code A In general, contracts for the sale of goods are governed by: A) the Uniform Commercial Code. B) state statutory law based on the Uniform Commercial Code. C) state common law. D) federal regulations. B Master01 | September, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ Will and Kendrick live in a state that requires that contracts involving transactio...

All of the following are methods that a sole proprietorship can raise money except A) Private loans. B) Commercial loans. C) Sell ownership in the business. D) Line of credit Sell ownership in the business Which of the following is true about a sole proprietorship? A) It is subject to corporate income tax. B) Sole proprietorships face double taxation. C) The owner reports income and expenses on the owner's own tax return. D) The owner must file a tax return on behalf of the busin...

Illegal contracts are A) Void B) Voidable C) Unjust D) A violation of the Uniform Commercial Code - A In general, contracts for the sale of goods are governed by: A) the Uniform Commercial Code. B) state statutory law based on the Uniform Commercial Code. C) state common law. D) federal regulations. - B Will and Kendrick live in a state that requires that contracts involving transactions over $500 be in writing. If they enter a verbal agreement to buy a car for $1,500, this contr...