Deepwater Dredging & Excavation Holds Itself Out to Others as Being

question 16

Multiple Choice

Deepwater Dredging & Excavation holds itself out to others as being a corporation but makes no attempt to incorporate.Estuary Marina signs a contract with Deepwater that is not performed.Estuary Marina files a suit against the firm.The court will likely hold that Deepwater is

• A)a corporation by estoppel.
• B)an alien corporation.
• C)an S corporation.
• D)ultra vires.

Understand the dynamics of group identification in disadvantaged vs. advantaged groups.

Grasp the relationship between perceived self-value and status within groups.

Recognize the distinctions and behaviors between prototypical and peripheral group members.

Identify the effects of representational gaps on team function and perspective alignment.

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Definitions:

Sealed-bid Auctions

A bidding process where all bidders submit their bids confidentially, with the highest bid usually winning the item or contract.

Bid-rigging

A form of fraud in which competitors agree in advance who will win a bidding process, undermining fair competition.

Sealed-bid Auctions

Auctions in which all bidders simultaneously submit sealed bids to the auctioneer, with no bidder knowing the bid of any other participant.

Bid Rotation

A form of collusion in auction markets where participants take turns being the lowest bidder to ensure each wins a proportion of contracts over time.