Covenant not to compete - Study guides, Class notes & Summaries

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 ...

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...

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...

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...

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 ...

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 ...

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...

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...

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 ...

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 ...