Question

Indicate whether the statement is true or false

Answer 1

False

Answer 2

The seven factors are as follows: (1) the company's intrinsic value, (2) the appropriateness of delegating negotiating authority to management, (3) non-price considerations, (4) the reliability of officers' reports to the board, (5) the reliability of experts' reports, (6) the investment banker's fee structure, and (7) the reasonableness of any defensive tactics.

Answer 3

True

Answer 4

Answer: C

Answer 5

A

Answer 6

Answer: A

Answer 7

Answer: A

Answer 8

e

Answer 9

executive

Answer 10

Answer: D

Answer 11

D

Answer 12

a . Used by doctors, dentists, lawyers, accountants, or other duly licensed professionals and formed much the same as ordinary business corporations.
b. Formed to administer a unit of government (cities, towns) or created by the government to conduct public business (TVA, postal service).
c. Usually private corporations, operate not for profit, dividends not paid, follow corporation statutes (state), individual members not personally liable. These corporations may make a profit, but it may not be distributed to its members, directors, or officers; the profit must be used for the charitable, educational, or scientific purposes for which the corporations were formed.

Answer 13

Answer: A

Answer 14

a

Answer 15

​No. Morgan hired Barnes to manage a new subdivision. Barnes has been authorized to transact all affairs in connection with the subdivision. As such, Barnes is a general agent. In most cases, either party to an agency relationship has the power to terminate that relationship at any time. Therefore, Morgan has the power to terminate the agency. However, there is a possibility of liability for damages if the termination was not accomplished in a lawful manner. Given the fact that Barnes has been engaged in misconduct, the discharge of Barnes will be without liability. Care should be taken to ensure that third parties are given notice of the agency termination.

Answer 16

True

Answer 17

The prohibition against lawyers rendering financial aid to their clients is designed to protect
against lawyers, through financial assistance, obtaining some ownership interest in their
clients’ cases.

Answer 18

Answer: A

Answer 19

Answer: B

Answer 20

A

Answer 21

B. False

Answer 22

False

Answer 23

F

Answer 24

True

Answer 25

a

Answer 26

An agreement setting forth liquidated damages will be enforced if it is reasonable in light of the anticipated or actual harm caused by the breach, the difficulties of proof of loss, and the inconvenience or nonfeasibility of otherwise obtaining an adequate remedy. A term fixing unreasonably large liquidated damages will be unenforceable as a penalty. If a liquidated damages provision is unenforceable, the injured party is still entitled to ordinary remedies for breach of contract.