Which of the Following Businesses Is Most Likely to Be

question 72

Multiple Choice

Which of the following businesses is most likely to be organized as an LLP?

• A) a bookstore run by two partners
• B) an international retail chain
• C) an accounting firm run by two partners
• D) a stationery store owned by an individual

Recognize strategies for improving memory retention and combating common memory issues.

Understand the Statute of Frauds and the requirement for certain contracts to be in writing.

Identify the essential elements that must be included in a written contract under the Statute of Frauds.

Recognize the enforceability of oral agreements in specific circumstances.

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Definitions:

Patent

A form of intellectual property right that grants an inventor the exclusive right to exclude others from making, using, selling, and importing an invention for a certain period of time.

Assignment

The transfer of rights, property, or obligations from one party to another, typically used in contracts or financial transactions.

Injurious Falsehood

A false statement made maliciously that causes damage to another’s property, business, or reputation.

Copyrightable Works

Works that are capable of copyright protection, including literature, music, and art, owing to their originality and creativity.