Explain 3 reasons why a start-up organization would have a written business plan.
What will be an ideal response?
1. Writing a business plan early will save you time and money.
2. Your business plan is the key to raising capital.
3. The business plan is an operations' guide.
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During the development of commercial law centuries ago, businessmen throughout England and Europe
a. began to rely on the same set of laws used to govern land transactions. b. began to rely on a body of rules called lex mercatoria. c. had little need for laws to resolve commercial disputes. d. had a vast body of rules governing contracts.
"Goods" for purposes of the Code are essentially defined as tangible, movable, personal property
a. True b. False Indicate whether the statement is true or false
A country experiencing a serious trade deficit is not as likely to expand imports as it would be if running a surplus
Indicate whether the statement is true or false.
The party who files a law suit is the:
a. state b. defendant c. plaintiff d. judge e. bailiff