Teach IncSold a Computer Consulting Business to Blackbeard Corp

question 15

Multiple Choice

Teach Inc.sold a computer consulting business to Blackbeard Corp.Blackbeard was persuaded to enter into that sale contract by documents that Teach had produced that suggested that Blackbeard would enjoy a profit of $1 000 000.In fact, as Teach knew, the business was really worth far less.As a result of purchasing the business, Blackbeard has actually suffered a total loss of $400 000.Blackbeard has successfully sued Teach in both tort and contract.Though it may also be entitled to other relief, Blackbeard is entitled to damages of

• A)$600 000 in contract.
• B)$400 000 in tort.
• C)$400 000 in contract.
• D)$1 000 000 in tort.
• E)$600 000 in tort.

Evaluate the roles, duties, and liabilities of corporate officers and directors toward shareholders and the corporation.

Understand the basic legal nature and powers of corporations, including implied powers.

Recognize the requirements and implications of corporate naming conventions and incorporation.

Identify different structures and types of corporations in various jurisdictions.