BMGT 380 Final Exam

Feb 3rd, 2012
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1) sam orally agreed to sell jamie some land 30 multiple 5 short question ........................................................................................

Word Count: 1100
Showing Page: 1/8
11. Sam will win because sales exceeded $500 must be written to be valid under the Statute of Frauds.2d) "This is an original painting by the artist, Pablo Picasso."3d) Win, if the beam fell because of Model Construction's negligence.4c) No, because of the unforeseeable intervening force doctrine.5d) Not be enforced as Don's promise was a gift to Sophie; Sophie gave consideration, but Don did not.6a) Yes, provided the contract was in writing, in accordance with the Statute of Frauds and the parties freely consented.7d) All of the above could be valid acceptance.8(a.) Void as a matter of law because it is illegal to sell alcohol to minors by state law( he/she cannot sell or buy any alcolhic drink because he/she is minor).9(e) All of the above.(because they need everything).10(d) Personally liable for the full extent of the debt if the other partners do not pay.(there are many cases like these the one partner always ran away).11(a) All the partners in proportion to their capital contributions.(because they are partner).12b.Voting rights are apportioned according to theCapital contributionsaccording to the LLC operating agreement [ULLCA 103(a)].13b.According to the law, the partners are "jointly and severally" liable for the debt of the partnership. Tort is considered only when it is within the scope of the employment.14b.Kisha as the sole owner. In sole proprietorship, the income of the business is considered as the income of the owner. Thus, the

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