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Match Each Term with the Appropriate Definition

question 4

Multiple Choice

Match each term with the appropriate definition.
-FASD​

Comprehend legal remedies available for different forms of misrepresentation and fraud.
Understand the concept and legal principles of consideration in contract law.
Differentiate between legal sufficiency of consideration and adequacy of consideration.
Identify the requirements for a valid modification of contracts under both common law and the Uniform Commercial Code (UCC).

Definitions:

Leveraged Buyout (LBO)

A takeover-resistance strategy in which a group within the target corporation buys all the corporate stock held by the public, thereby turning the company into a privately held corporation.

Outstanding Corporate Stock

Shares of a corporation that have been issued and are currently owned by shareholders.

Articles of Incorporation

Legal document filed with a governmental body to legally establish a corporation, detailing its structure, purpose, and regulations.

Certificate of Organization

A legal document filed with a state government to officially form a limited liability company (LLC) within that state.

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