Covenant not to compete - Study guides, Class notes & Summaries
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BV201 ASA Exam 2023 with 100% correct answers
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what does equity consist of? 
Paid-in capital in the form of preferred or common stock 
Preferred stocks 
return on investment 
Retained earnings 
 
 
 
equity of the business 
the owners' interest in the property after deductions are made for all liabilities. 
 
 
 
Invested capital 
sum of the stockholder's equity or partner's capital and the interest-bearing debt 
 
 
 
why is invested capital important? 
allows us to compare one company to another, or have an abnormal capital structure 
 ...
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Basic Contract Law for Paralegals Chapters 1-8 Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A+
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Basic Contract Law for Paralegals Chapters 1-8 Exam (Latest 
2024/ 2025 Update) Questions and Verified Answers| 100% 
Correct| Grade A+ 
Legality The condition of conformity with the law; lawfulness. 
Usury Charging a rate of interest that exceeds the rate permitted by law. 
Surrogacy Contract A situation where a woman who "hosts" the fertilized egg of 
another woman in her womb or who is artificially inseminated with the sperm of a man who 
is in a relationship with someone else agrees to ass...
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Basic Contract Law for Paralegals Chapters 1-8 Questions with Verified Answers| Updated Version
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Basic Contract Law for Paralegals 
Chapters 1-8 Questions with Verified 
Answers| Updated 
Legality The condition of conformity with the law; lawfulness. 
Usury Charging a rate of interest that exceeds the rate permitted by law. 
Surrogacy Contract A situation where a woman who "hosts" the fertilized egg of another 
woman in her womb or who is artificially inseminated with the sperm of a man who is in a 
relationship with someone else agrees to assign her parental rights to the donors. 
Pr...
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BUS 263 Test 2 | Complete Solutions (Verified)
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BUS 263 Test 2 | Complete Solutions (Verified) Fred agrees to assume a debt owed by Guitars Inc. to Home Bank. The agreement is not in writing. To be enforceable under the "main purpose" rule, the promise must be for the benefit of a. Home Bank. b. Fred. c. any third party, such as a Guitars Inc. customer. d. Guitars Inc. Duane and Evan orally agree to a transfer of forty acres of farmland. Evan asks Finance Bank to lend him the funds to buy the land. Under the Statute of Frauds, the agreeme...
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Basic Contract Law for Paralegals Chapters 1-8 Exam Questions and Answers 2024
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Basic Contract Law for Paralegals Chapters 
1-8 Exam Questions and Answers 2024 
Legality -Answer-The condition of conformity with the law; lawfulness. 
Usury -Answer-Charging a rate of interest that exceeds the rate permitted by law. 
Surrogacy Contract -Answer-A situation where a woman who "hosts" the fertilized egg 
of another woman in her womb or who is artificially inseminated with the sperm of a 
man who is in a relationship with someone else agrees to assign her parental rights to 
the ...
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Basic Contract Law for Paralegals Chapters 1-8 Exam Questions and Answers 2024
- Exam (elaborations) • 21 pages • 2024
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Basic Contract Law for Paralegals Chapters 
1-8 Exam Questions and Answers 2024 
Legality -Answer-The condition of conformity with the law; lawfulness. 
Usury -Answer-Charging a rate of interest that exceeds the rate permitted by law. 
Surrogacy Contract -Answer-A situation where a woman who "hosts" the fertilized egg 
of another woman in her womb or who is artificially inseminated with the sperm of a 
man who is in a relationship with someone else agrees to assign her parental rights to 
the ...
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MBA 650, Business Law (Ch. 7, Contracts Review) || with Complete Solutions.
- Exam (elaborations) • 7 pages • 2024
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An offeree's response to an offer in which the offeree rejects the original offer and at the same time makes a new offer is a: 
 
a. cancellation. 
b. revocation. 
c. withdrawal. 
d. counteroffer. correct answers d. counteroffer. 
 
Termination of an offer by operation of law can occur due to which of the following? 
 
a. Frustration of purpose 
b. Bankruptcy proceedings 
c. Lapse of time 
d. All of these answers are correct. correct answers d. All of these answers are correct. 
 
In contract l...
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MBA 650- Ch 7 || A+ Verified Solutions.
- Exam (elaborations) • 7 pages • 2024
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An offeree's response to an offer in which the offeree rejects the original offer and at the same time makes a new offer is a: 
a. withdrawal. 
b. counteroffer. 
c. revocation. 
d. cancellation. correct answers b. counteroffer. 
 
A common law rule that requires that the terms of the offeree's acceptance adhere exactly to the terms of the offeror's offer for a valid contract to be formed is known as detrimental reliance. 
a. True 
b. False correct answers b. False 
 
In contract law, conside...
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Basic Contract Law for Paralegals Chapters 1-8 Exam Questions and Answers 2024
- Exam (elaborations) • 21 pages • 2024
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Basic Contract Law for Paralegals Chapters 
1-8 Exam Questions and Answers 2024 
Legality -Answer-The condition of conformity with the law; lawfulness. 
Usury -Answer-Charging a rate of interest that exceeds the rate permitted by law. 
Surrogacy Contract -Answer-A situation where a woman who "hosts" the fertilized egg 
of another woman in her womb or who is artificially inseminated with the sperm of a 
man who is in a relationship with someone else agrees to assign her parental rights to 
the ...
-
MBA 650, Business Law (Ch. 12, The Employment Agreement) || with 100% Accurate Solutions.
- Exam (elaborations) • 10 pages • 2024
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A common law doctrine under which either party may terminate an employment relationship at any time for any reason, unless a contract specifies otherwise, is: 
 
a. employment by public policy. 
b. employment at will. 
c. employment at sufferance. correct answers b. employment at will. 
 
An employee's disclosure to governmental authorities, upper level managers, or the press that the employer is engaged in unsafe or illegal activities is: 
 
a. turning in wrongdoers. 
b. illegal. 
c. required ...
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