Examlex
What is the doctrine of ultra vires ? What is the effect of an ultra vires contract?
Short-Run
A period in economics where at least one factor of production is fixed, and firms can't alter all inputs.
Long-Run
A period in economic theory during which all factors of production and costs are variable, allowing for full adjustment to changes.
Economic Profit
The gap between the total earnings of a business and all its costs, encompassing out-of-pocket and opportunity costs.
Perfect Competitor
A Perfect Competitor refers to a hypothetical firm in a perfectly competitive market that cannot influence the market price and must accept it as given.
Q4: Much of the law of partnership is
Q17: Kean and Bubnick are real estate agents
Q19: The right of dissent results in payment
Q21: Debentures are the same as indentures.
Q25: Compare and contrast ratification and adoption of
Q65: The SEC may not advance the effective
Q66: The combination of two or more corporations
Q77: The Revised Act permits the board of
Q78: The directors of Premier Glass Company authorize
Q89: A "private placement" involves no public offering