Author: Anonymous

Diane organized, and owns and operates, Reliable Roofing, a construction outfit, in the simplest form of business organization. This is​ ___.

If Cornel and Deanna resolve their dispute by having a neutral third party render a binding decision, they will have used the method of​ ___.

Craig, Donna, and Eve do business as Fast-Track Career Consultants. Eve’s relationship to Fast-Track ends, but the firm continues to do business. This is​ an example of ___.

Without creating a separate business organization, Roy starts up Sole Savers, a new, pre-owned auto sales enterprise. Roy is​ ___ by default.

In a case, the court may rule contrary to a precedent if the court decides that the precedent​ ___.

Business Rental Corporation (BRC) and Cartage Trucking Company enter into a contract for a lease of ten hydraulic lifts. Under the perfect tender rule, BRC must ship or tender goods to the lessee that​ ___.

If an action is legal, it is ethical.​

In a corporation, who has the responsibility for management of the company?

Match the correct definition and term.  Not all terms will be used.

A  member of an LLC that chooses to dissociate with the LLC loses the right to vote on affairs of the organization.