Transnational Organized Crime Organizations Exhibit All of the Following Characteristics

question 17

Multiple Choice

Transnational organized crime organizations exhibit all of the following characteristics EXCEPT for ______.

• A) they tend to be hierarchical in structure
• B) they are only governed by informal rules
• C) they have a distinct division of labor
• D) they have exclusive membership

Grasp the distinctions and applications of the UCC's Articles 2 and 2A regarding sales and leases of goods, respectively.

Understand the role of the merchant in transactions under UCC.

Recognize the UCC's flexibility in dealing with omitted or ambiguous contract terms.

Identify the circumstances under which a buyer or seller has good title to goods.

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Definitions:

Corporate Myth

A corporation is a legal fiction.

Nature

The inherent or fundamental qualities or characteristics of something, often referring to the physical world and its phenomena.

Dissolved

The process of legally disbanding a corporation or partnership, effectively ending its existence.

Corporation

A legal entity that is separate from its owners, providing limited liability to its shareholders and capable of owning property, entering contracts, and being sued.