100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
BLAW 3310 Exam 3 Questions and Answers (100% Pass) CA$14.51   Add to cart

Exam (elaborations)

BLAW 3310 Exam 3 Questions and Answers (100% Pass)

 8 views  0 purchase
  • Course
  • BLAW 3310
  • Institution
  • BLAW 3310

SOLE PROPRIETORSHIP → person doing business for himself ADVANTAGES AND DISADVANTAGES OF SOLE PROPRIETORSHIP → freedom, control, full liability PARTNERSHIP → two or more persons carrying on business as owners for profit; must INFER that partnership exists; individual partner can make de...

[Show more]

Preview 2 out of 10  pages

  • September 25, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BLAW 3310
  • BLAW 3310
avatar-seller
1 | P a g e | © copyright 2024/2025 | Grade A+




BLAW 3310 Exam 3 Questions and
Answers (100% Pass)
SOLE PROPRIETORSHIP

→ person doing business for himself


ADVANTAGES AND DISADVANTAGES OF SOLE PROPRIETORSHIP

→ freedom, control, full liability


PARTNERSHIP

→ two or more persons carrying on business as owners for profit; must
INFER that partnership exists; individual partner can make decisions on
basic things, but ALL decide and agree on extraordinary things


LIMITED PARTNERSHIP

→ at least one general partner and at least one limited partner


OPERATIVE ACT TO FORM CORPORATION

→ filing document (Articles of Incorporation) with Secretary of State


BYLAWS

→ rules that regulate and govern the internal operations of the
corporation


RIGHTS OF CORPORATIONS

→ free speech, free from search and seizure without warrant


RIGHT CORPORATION DOES NOT HAVE



Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+


→ 5th amendment self incrimination


WHAT FRANCHISOR HAS TO DO

→ must give lots of info to franchisee; financial returns


FTC FRANCHISE RULE

→ franchisor must give franchisee detailed info AT LEAST 10 DAYS PRIOR:
names, address, phone, responsibilities of franchisor and franchisee,
number of franchisees and how many gone out of business


NOTE

→ "I PROMIES to pay"; TWO parties, maker signs it, payee is to whom it is
made to


DRAFT

→ "pay"; THREE parties drawer (signs it), payee (to whom it is made
payable), drawee (check=bank; non-check=whoever you're directing
to pay the money)


MAKER

→ the one who signs on a note


DRAWER

→ orders drawee to pay payee


IF SAYS "PAY TO THE ORDER OF"

→ person to whom it's made payable must SIGN it, then DELIVER


IF SAYS "PAYABLE TO CASH/BEARER/NOBODY IN PARTICULAR"



Master01 | September, 2024/2025 | Latest update

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamArsenal. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$14.51. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$14.51
  • (0)
  Add to cart