BUL 5810 EXAMS BUNDLE With Questions and 100% Correct Verified Solutions| Latest Update

Four sources of law in the U.S. legal system are: a. constitutional law, criminal law, civil law, and maritime law. b. federal law, state law, international law, and maritime law. c. statutory law, case law, equity, and common law. d. constitutional law, judicial law, legislative law, and admini...

Gabe has agreed to buy Sarits's car, but the two have not agreed on the price. When there is no agreement as to price in a contract for a sale of goods, what effect does it have on the contract? - Answer The price is a reasonable price at the time of delivery Brown & Co enters into a contract wi...

Wyatt, the sole stockholder of International Travel Corporation, wrongfully used the corporation to avoid a personal liability. A court's disregarding the corporate entity and holding Wyatt personally liable is called: - Answer piercing the corporate veil Claire opened Claire's Beauty Parlor in...

A contract in which both parties exchange promises is called a: - Answer bilateral contract A contract in which only one party makes a promise, and that promise is exchanged for an act or a forbearance to act, is called a: - Answer unilateral contract A valid contract is one that: - Answer meets...

BUL 5810 – CORPORATIONS Test 2 with Questions and 100% Correct Answers James, a promoter of Unobtainium Corporation, has a fiduciary duty to: - Answer Both the other promoters and the initial shareholders of Unobtainium Corporation Use of "Evans & Hall, Ltd." as a corporate name would be: -...