Matrix,Inc

question 17

Essay

Matrix,Inc.is considering opening a restaurant in Smallville and has located a prime vacant land location that is for sale.Matrix wants to do some market research and obtain financing for construction before purchasing the land,but is concerned that a competitor,Zion,Inc. ,will purchase the land if Matrix does not act immediately.What legal steps should Matrix take,short of purchasing the land now,to prevent Zion from acting before them? Explain.

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Definitions:

Alphabetical Order

A method of sorting by arranging items according to the sequence of the letters in the alphabet.

Tickler File

An organizational system consisting of a set of files used as a reminder for tasks or events on specific dates.

Check Register

A record book or digital log used to track checks written, deposited funds, and current account balances.

Voucher Journal

A record that details every financial transaction of a business, paired with the documentation that supports the transaction as a part of the accounting system.