Bobby voluntarily enrolls in a skydiving course at OpenSkies Pvt. Ltd., an adventure firm. He signs a contract that relieves OpenSkies of liability. After receiving proper instruction, he jumps from an airplane
Unfortunately, Bobby is injured when he could not steer his parachute toward the target area while landing. He sues the parachute center for damages. But the court found that the contract protected OpenSkies from damages, as Bobby had voluntarily joined the course knowing all the risks involved. What kind of contractual provision protected OpenSkies from having to pay Bobby damages?
A) noncompete clause
B) exculpatory clause
C) duty of restitution
D) disaffirmance
B
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A(n) ________ is a document that two or more persons must execute and sign that makes a limited partnership legal and binding
A) limited partnership agreement B) certificate of limited partnership C) article of limited partnership D) limited trade affidavit
A potential disadvantage of groups in organizations is that they
A) often breed conformity in thinking and behavior. B) encourage a spirit of teamwork. C) encourage individuality in thinking and behavior. D) discourage consensus thinking.
In the context of becoming a successful small business owner, which of the following is a good rule to follow?
A. Developing a business owner's directory after consulting a recent business management graduate B. Approaching venture capital firms to seek funds instead of going to personal financing resources C. Delaying business promotion until you have recovered all the investments D. Getting roughly three years of experience working for someone else in the field that interests you
The pleadings in a lawsuit include:
A) the complaint and answer B) the depositions. C) written interrogatories. D) evidence presented in trial