Massachusetts courts require that the parties expressly create a(n) ________ before a corporation can be held liable for preincorporation contracts.
A. adoption agreement
B. operating agreement
C. incorporation regulation
D. novation
Answer: D
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Pick the best set of adjectives that may be positively associated with creativity.
A) Self-confident, commonplace, resourceful B) Overconfident, suspicious, humorous C) Original, clever, reflective D) Affected, commonplace, capable
Limited liability companies (LLCs) are treated as artificial persons who can sue or be sued and enter into and enforce contracts
Indicate whether the statement is true or false
Institutional investors can ensure that a corporation pursues goals that are in their best interest by _____.
A. binding the management with stockholder-sponsored proposals B. ensuring that the management is working toward maximizing current earnings C. compensating managers of the corporation on the basis of the firm's performance in the short run D. implementing policies that encourage management to make decisions that maximize managers' wealth E. monitoring its financial performance to ensure that managers pursue the goal of wealth maximization
An agreement, generally found within an employment agreement, that restricts the employee’s future employment and actions that may possibly compete with the employer’s business is referred to as a(n)
A. future employment clause. B. restraint of trade clause. C. employment-at-will agreement. D. covenant not to compete.