Bobby T (75% Owner) Would Like to Terminate the S

question 7

True/False

Bobby T (75% owner) would like to terminate the S corporation status for DJ, Inc. but Dallas (5% owner) does not want to terminate the S corporation status. Bobby T can terminate the S status for DJ, Inc. without Dallas' consent.

Distinguish between implied-in-law contracts (quasi-contracts) and actual contracts.

Identify the differing requirements and implications of bilateral and unilateral contracts.

Understand the role of global influences, like the International Commercial Code, on contract law and its importance for international transactions.

Understand the concept of uncertainty avoidance and its impact on culture.