Bul 5810 contracts - Study guides, Class notes & Summaries

BUL 5810 - CONTRACTS EXAM LATEST UPDATED...

BUL 5810 EXAM 3 QUESTIONS AND ANSWERS...

BUL 5810 – CORPORATIONS TEST QUESTIONS WITH CERTIFIED ANSWERS Barbara, a self-made millionaire, wants to start a corporation exclusively for charitable and educational purposes. What type of corporation should Barbara form? - Answer-Non-profit corporation In the case of Harold Lang Jewelers, Inc. v. Johnson, the court found that: - Answer-Lang's business was regular, continuous and substantial such that it was transacting business in North Carolina In the case of Coopers & Lybrand v...

Most contracts are governed primarily by State ___________ ______, including contracts involving employment, services, insurance, real property (land and anything attached to it), patents, and copyrights. ~~> common law Article 2 of the UCC governs the: ~~> sale of goods "Sale" is defined as: ~~> the transfer of title from seller to buyer. Goods are defined as: ~~> tangible personal property (personal property is all property other than an interest in land) In...

BUL 5810 – CONTRACTS Exam Questions With Correct Answers Which of the following contracts is covered by Article 2 of the Uniform Commercial Code? - sale of a building -sale of furniture -an agreement to have a sidewalk shoveled -a sale of stock in ABC, Inc - answerThe sale of new furniture Any property other than an interest in real property, is/are: - answerpersonal property Which of the following is NOT always necessary in order for a valid contract to be formed? -mutual assent -le...

©THEBRIGHTSTARS 2024 BUL 5810 FSU Woodyard Midterm Multiple Choice Exam Questions With Correct Answers In the common law system of the United States, a crime is defined as: (A) a private wrong that necessitates litigation between the victim and the perpetrator. (B) any act or omission prohibited by the government and made punishable in a judicial proceeding brought by the government. (C) litigation where the injured party sues to recover compensation for the damages and injury sustaine...

BUL 5810 Exam 3 Questions With Correct Answers Most contracts are governed primarily by State ___________ ______, including contracts involving employment, services, insurance, real property (land and anything attached to it), patents, and copyrights. - answercommon law Article 2 of the UCC governs the: - answersale of goods "Sale" is defined as: - answerthe transfer of title from seller to buyer. Goods are defined as: - answertangible personal property (personal property is all propert...

©THEBRIGHTSTARS 2024 BUL 5810 Part III – Agency Exam Questions With Correct Answers A power of attorney is a formal manifestation that states an agent's authority. The agent is known as the: - answerattorney at fact A(n) __________ is a written instrument that expresses the principal's intention that the agent's authority will not be affected by the principal's subsequent incapacity or that the agent's authority will become effective upon the principal's subsequent authority. - a...

BUL 5810 – CORPORATIONS EXAM QUESTIONS WITH DETAILED ANSWERS __________, usually called debentures, have only the obligation of the corporation behind them. - Answer-Unsecured bonds /.A corporation is considered a citizen: - Answer-of the state in both (1) where it has a principal office (2) its incorporation /.A corporation's proportional distribution of additional shares of the corporation's capital stock to its shareholders is a: - Answer-stock or share dividend /.A promot...