Mie 305 exam 2 cases - Study guides, Class notes & Summaries

MIE 305 Exam 3 Chapters 10-12 What is a fully-integrated agreement and how do you get one? - ANS A fully-integrated agreement is an agreement where both sides agree to no longer discuss or change the terms of the contract What do we mean by saying property is the ownership of a "bundle of rights?" - ANS Property is an umbrella term that includes multiple rights for that given property What are those rights? - ANS Possession, Control, Enjoyment, Exclusion, Dispos...

MIE 305 Final Exam When choosing an organizational form, entrepreneurs should consider: - ANS Ease of creation Owners' liability--maximize gain, limit risk of loss Tax considerations--pass through or entity tax? Ability to raise capital--Private funding or shares? Basic forms of Business Organization - ANS Sole proprietorships--> one person owns it Partnerships--> Multiple people own it Corporations--> Ownership to shareholders Franchises--> opera...

MIE 305 Final Exam When choosing an organizational form, entrepreneurs should consider: - ANS Ease of creation Owners' liability--maximize gain, limit risk of loss Tax considerations--pass through or entity tax? Ability to raise capital--Private funding or shares? Basic forms of Business Organization - ANS Sole proprietorships--> one person owns it Partnerships--> Multiple people own it Corporations--> Ownership to shareholders Franchises--> opera...

MIE 305 Final Exam Contract - ANS a promise or set of promises supported by the exchange of bargained-for consideration for the breach of which the law gives a remedy, or the performance of which the law recognizes as an enforceable duty. "a promise or set of promises that are enforceable in court." primarily state based common law contract elements - ANS -Agreement: the parties agree to the exchange of legal detriment as to each other -Bargained-for consideration: exc...

MIE 305_ Court Cases, Exam 2 (Chapters 7, 8, & 9) (1)

MIE 305_ Exam 2 Cases (1)

MIE 305 Exam 2 Cases

MIE 305 Court Cases Exam 2 Chapters 7 8 9.