Jack,who Recently Retired,wants to Invest in a New Upstart Local

question 46

Multiple Choice

Jack,who recently retired,wants to invest in a new upstart local company,The Turmoil Corp.As part of the deal for investing in The Turmoil Corp.,the company has agreed to give Jack "...some sort of maintenance or security job for as long as he feels able." This agreement would best be placed

• A)in the charter.
• B)under seal,since it lacks consideration.
• C)in writing,since it falls under the Statute of Frauds.
• D)in the by-laws,since it will need changing.
• E)in a separate side agreement,so as to avoid clutter and confusion.

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Definitions:

Cherokee Slaveholders

Members of the Cherokee Nation who owned African American slaves, particularly before the Civil War.

Ancestral Territory

Land that is considered spiritually and historically significant to a group of people, often indigenous groups, because their ancestors lived and operated on it.

Civil Liberties

Fundamental rights and freedoms protected by law from government interference, including freedom of speech, privacy, and equal treatment.