Mie 305 final exam - Study guides, Class notes & Summaries
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MIE 305 Final Exam Questions and Answers (Graded A)
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MIE 305 Final Exam Latest Update with Verified Solutions
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MIE 305 Final Exam Latest Update with 
 
Verified Solutions 
 
Contract 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 -Agreement: the parties agree to the exchange of legal detriment as to each 
other 
-Bargained-for con...
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MIE 305 Final Exam Questions With 100% Correct Answers!!
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MIE 305 Final Exam Study Guide with Complete Solutions
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MIE 305 Final Exam Study Guide with 
 
Complete Solutions 
 
Possession Bundle of Right that is the right to claim title over the property, one exerts 
dominion and ultimate power over it 
 
Control Bundle of Right that is the right to decide how the property is to be used, or 
employed 
 
Enjoyment Bundle of Right that is the means by which the rights-holder can decide how to 
use the property. Others can violate this through the law of nuisance. 
 
Exclusion Bundle of Right that gives the righ...
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MIE 305 Final Exam with correct Answers 100%
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MIE 305 Final Exam with correct Answers
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MIE 305 Final Exam Questions and Answers 100% Correct
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MIE 305 Final Exam Questions and Answers 100% Correct
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MIE 305 FINAL EXAM WITH COMPLETE VERIFIED SOLUTIONS 2024
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MIE 305 FINAL EXAM WITH COMPLETE VERIFIED SOLUTIONS 2024
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MIE 305 Final Exam Questions with correct Answers
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MIE 305 Final Exam Questions with correct Answers
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MIE 305 Final Exam with correct Answers
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MIE 305 Final exam with complete verified solutions 2024
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When choosing an organizational form, entrepreneurs should consider: 
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 
Sole proprietorships--> one person owns it 
Partnerships--> Multiple people own it 
Corporations--> Ownership to shareholders 
Franchises--> operated by any of the above 
 
 
 
 
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