Grant and Hester Enter into a Con-Tract for a Sale

question 19

Multiple Choice

Grant and Hester enter into a con-tract for a sale of Hester's Pastoral Valley Orchard.This contract

• A)is prohibited.
• B)must be oral to be enforceable.
• C)must be in writing to be enforceable.
• D)must be oral and in writing to be enforceable.

Understand the legal frameworks and statutes that govern the operation and objectives of corporations.

Grasp the roles and responsibilities of corporate directors and the importance of corporate governance.

Recognize the mechanisms in place to protect shareholders, including the fiduciary duties owed by directors and officers.

Comprehend the varied defenses and strategies deployed by corporations against hostile takeovers.

---

Definitions:

Motivational Trait

Personal characteristics that influence an individual’s tendency to pursue goals with energy and persistence.

Emotional Stability

A personality trait characterized by the consistency of one's emotional state and the ability to remain calm and composed under stress.

Core Self-evaluations

A broad personality concept that consists of more specific traits like self-esteem, generalized self-efficacy, locus of control, and emotional stability.

Neuroticism

A characteristic of personality marked by fluctuations in emotions, nervousness, changeable moods, quick temper, and feelings of sorrow.