In pursuing a joint venture, many joint venturers form a corporation to operate the joint venture. This is called a ________.
A. joint venture corporation
B. joint general corporation
C. joint alliance corporation
D. franchising cooperative
Answer: A
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Usury laws are designed to protect consumers from
A. obtaining loans to gamble on credit. B. taking insurance policies out on the life of another. C. companies charging excess interest on loans. D. professionals practicing a trade without a valid license.
Tiny borrows $20,000 from First Bank. Mike is the surety on the loan. Tiny defaults and First Bank requires Mike to pay the balance of the loan. In this case, Mike may sue:
a. First for violating its guarantor obligations b. First for defrauding him c. First to exonerate him d. Tiny to become an indentured servant e. none of the other choices
A price index for a given item which is computed by dividing a current unit price by a base-period unit price and multiplying the result by 100 is known as the
a. Producer price index b. Consumer price index c. Paasche index d. Price relative
Points and authorities are the cases, which an attorney believes support his case
Indicate whether the statement is true or false.