Mie 305 final - Study guides, Class notes & Summaries

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 Corporate companies - can...

MIE 305 Final Exam Study Guide Latest Possession - answerBundle of Right that is the right to claim title over the property, one exerts dominion and ultimate power over it Control - answerBundle of Right that is the right to decide how the property is to be used, or employed Enjoyment - answerBundle 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 - answerBundle of Right that gives the ...

MIE 305 Final Exam

MIE 305 Final Exam Study Guide Latest Possession - answerBundle of Right that is the right to claim title over the property, one exerts dominion and ultimate power over it Control - answerBundle of Right that is the right to decide how the property is to be used, or employed Enjoyment - answerBundle 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 - answerBundle of Right that gives the ...

MIE 305 Final Exam Study Guide Latest Possession - answerBundle of Right that is the right to claim title over the property, one exerts dominion and ultimate power over it Control - answerBundle of Right that is the right to decide how the property is to be used, or employed Enjoyment - answerBundle 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 - answerBundle of Right that gives the ...

MIE 305 Final Exam

MIE 305 Final Exam Contract - ANS 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 - ANS -Agreement: the parties agree to the exchange of legal detriment as to each other -Bargained-for consideration: exc...

MIE 305 Final Exam Questions and Answers

MIE 305 Final Exam Questions and Answers