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Choose the Appropriate Letter or Letters to Identify the Pattern

question 3

Multiple Choice

Choose the appropriate letter or letters to identify the pattern or patterns in each reading. Most businesses can be classified according to one of three main legal structures: sole proprietorship, partnership, or corporation.Almost three-fourths of American businesses are sole proprietorships, very small companies with only one owner and few employees.Many retail, service, and agricultural businesses, for example, are sole proprietorships.About 7 percent of businesses are partnerships.These tend to be relatively small companies with two or more owners.Many accounting, law, and advertising firms are organized as partnerships.Corporations comprise about 19 percent of all businesses.A corporation is usually a mid- to large-sized company that sells shares of ownership to stockholders, or investors.General Motors, Walmart stores, and Procter & Gamble are among some of America's largest corporations.

Comprehend how verbal agreements can affect legal outcomes when not supported by written contracts.

Identify and differentiate between valid, enforceable, unenforceable, and void agreements under law.

Recognize the significance of part performance and its implications under the Statute of Frauds.

Grasp the concept of guarantee and cosigning responsibilities and their legal enforceability.

Definitions:

Plea Bargains

Legal agreements in criminal cases where the defendant agrees to plead guilty to a lesser charge in exchange for a more lenient sentence or the dropping of additional charges.

Asian Defendants

Individuals of Asian heritage who are facing legal charges or are on trial within a judicial system.

Better Deals

Refers to more advantageous agreements or arrangements that offer improved terms compared to previous ones.

Role Of Poverty

An examination of how economic deprivation influences criminal behavior and individuals' interactions with the criminal justice system.