B) False
Correct Answer
verified
Correct Answer
verified
A) Joint venture
B) Franchise
C) Joint partnership
D) Consensual seller
E) Approved arrangement
G) B) and C)
Correct Answer
verified
Correct Answer
verified
A) That the evidence showed only an anticipatory agreement to form a joint venture in the future, not the actual formation of a joint venture.
B) That no joint venture existed because there was evidence contrary to the intent to form a joint venture.
C) That any alleged joint venture agreement was unenforceable under the statute of frauds because it was premised on an unenforceable oral agreement to purchase and transfer land.
D) That while a joint venture existed, no damages were found.
E) That a joint venture existed with no prohibition against damages.
G) A) and C)
Correct Answer
verified
Correct Answer
verified
A) She was correct.
B) She was correct only if she can establish that she has paid all her business taxes on time.
C) She was correct only if she can establish that she has at least 5 employees.
D) She was incorrect.
E) She was incorrect unless she signed an agreement with a financial institution in order to get a loan for the business and agreed in the document that she would not accept personal liability for any losses.
G) A) and B)
Correct Answer
verified
Correct Answer
verified
A) By forming a C corporation.
B) By forming a D corporation.
C) By forming an S corporation.
D) By forming an F corporation.
E) A corporation cannot avoid double taxation.
G) B) and C)
Correct Answer
verified
Correct Answer
verified
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