Josh Works for H4,a Company That Encourages Employees to Create

question 89

Multiple Choice

Josh works for H4,a company that encourages employees to create new products.Josh was just assigned to a project where he will create a product their company currently does not sell.If his project gets picked,he will become the manager of the product's line.If Josh gets the product,he will be a:

• A)franchisee
• B)entrepreneur
• C)change agent
• D)intrapreneur

Recognize the requirements and exceptions under the Statute of Frauds for a contract to be enforceable.

Identify the regulatory framework governing corporate bodies and individual's contractual capacity.

Understand the distinctions between types of contracts and their enforceability.

Know the implications of contracts involving competition restrictions.

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Definitions:

Contractor

A person or corporation that agrees to a contract to supply materials or workforce to execute a service or complete a task.

Lien

A legal right or claim against a property by a creditor to ensure the payment of a debt.

County Clerk

An official in local government who manages public records and documents, particularly in relation to property and civil records.

Judicial Lien

A lien obtained by a creditor upon a debtor's property, authorized by a judgment, decree, or court order.