The What Went Wrong Feature in Chapter 9 Focuses on Deever

question 56

Multiple Choice

The What Went Wrong feature in Chapter 9 focuses on Deever, a 2008 startup that helped software developers use cloud-based services to "test" their code in an expedient manner. According to the feature, one of the primary reasons Deever failed was ________.

• A) it lacked a cofounder who loved the business side of running a startup
• B) the cofounders couldn't get along
• C) it didn't build a robust partnership network
• D) it didn't solicit advice from attorneys, bankers or business consultants
• E) it didn't have a Board of Advisors

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Definitions:

Statute of Frauds

A rule of law stipulating that specific kinds of agreements must be documented and signed in order to be legally binding.

Uniform Commercial Code

A compilation of legal regulations and guidelines that dictate the conduct of business transactions and operations in the United States.

Parol Evidence Rule

A principle in contract law that prevents parties from presenting extrinsic evidence to alter or challenge the terms of a written agreement.

Merger Clause

A provision in a contract stating that the written document contains the entire agreement between the parties, excluding prior verbal agreements.