Article ________ of the UCC governs leases of goods.
A. 2
B. 2A
C. 2B
D. 4
Answer: B
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FOB destination means that transportation charges are paid by the buyer
Indicate whether the statement is true or false
Josh works for H4, a company that encourages employees to create new products. Josh was just assigned to a project where he will create a product the company currently does not sell. If his project gets picked, he will become the manager of the product’s line. If Josh gets the product, he will be a(n) ______.
a. franchisee b. entrepreneur c. change agent d. intrapreneur
When two or more countries agree to eliminate customs duties and other trade barriers among themselves, they form:
a. a free trade area. b. a customs union. c. a common market. d. an economic community.
Which of the following is the effect of the business judgment rule regarding the liability of officers and directors?
A) Courts will not substitute their judgment for that of the board or an officer acting in good faith with due care. B) Officers and directors will never have liability for their decisions relating to the corporation. C) Officers and directors may have liability for bad faith decisions, but cannot be liable for failure to act. D) Directors and officers will not be held liable for conduct that is only negligent.