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Question
Sophie is the president of Tasty Foods Corporation, a wholesale grocery company. An inspection by Uri, a government agent, uncovers unsaniÂtary conditions caused by Vic, a Tasty Foods employee, in the company's wareÂhouse. Will, a Tasty Foods vice president, assures Uri that the situation will be corrected, but a later inspection reveals no such corrections. Sophie knows nothing about any of this. Can Tasty Foods be convicted of a crime in these circumstances? Can Sophie be held personally liable?Answer
This answer is hidden. It contains 1210 characters.
Related questions
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a. preferred stock.
b. a right of first refusal.
c. a sufficient number of shares to exercise de facto control.
d. watered stock.
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Start-Up Corporation substantially complies with all conditions preceÂdent to incorpoÂration. Start-Up has
a. corporate existence by estoppel.
b. de facto existence.
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d. ultra vires existence.
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A director must make a full disclosure of any potential conflict of interest that might arise in any corporate transaction.
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The first step in the incorporation process is to select a state in which to operate.
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An S corporation is treated the same as a regular corporation for tax purposes
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d. transactions with the firm.
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CPA Accounting, LLC, is a limited liability company. If the law in CPA's state is like the law in most states, unless the members have agreed otherÂwise, participants in the firm's management will be considered to include
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b. dissolves as soon as the second bridge is built.
c. dissolves immediately on Iggy's signing of the second contract.
d. does not dissolve.
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b. not partners, because the pay includes an hourly wage.
c. not partners, because the pay includes only 10 percent of the profits.
d. partners in a partnership for two years.
Q:
Kelly, the owner of Llama Farms, a sole proprietorship, wants to obtain additional busiÂness capital but to maintain control. This can best be acÂcomplished by
a. borrowing funds.
b. bringing in partners.
c. issuing stock.
d. selling the business.
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b. bargained-for exchange or mutual assent.
c. flexibility on the part of College Credit to accommodate Brad's needs.
d. "heft," "substance," or "weight" in the terms of the contract.
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A covenant not to compete in the sale of an ongoing business is unenforceable.
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If there is a statute that prohibits a certain action, a contract to do it is unenforceable.
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On May 1, Brand Name Industries, Inc. (BNI), sent Carol a letter, via overnight delivery, offering to employ her to audit BNI's financial stateÂments for the current year for $1,000. In the letter, BNI stated that Carol had ten days to accept. On May 5, Carol sent BNI a fax that stated, "The price for the audit seems too low. Would you consider paying $1,200?" BNI received the fax. The next day, Dan offered to conduct the audit for $800. On learning of Dan's offer, Carol immediately e-mailed BNI, agreeÂing to do the work for $1,000. BNI received this e-mail on May 7. Explain why BNI and Carol do, or do not, have a contract.
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d. nothing.
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d. not be "denied legal effect" because it is only in electronic form.
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b. Magic Math and Peg only.
c. Magic Math, National Distribution, Office Stuff, and Peg.
d. Office Stuff and Peg only.
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a. accepted the offer.
b. made a counteroffer without rejecting the offer.
c. rejected the offer and made a counteroffer.
d. rejected the offer without making a counteroffer.
Q:
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a. exactly precise.
b. reasonably definite.
c. unequivocally approximate.
d. vague or uncertain.
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b. beliefs.
c. unspoken opinions.
d. words and action.
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If an offeror does not expressly authorize a certain mode of acceptance, then acceptance may be made by any reasonable means.