BUISENESS MANAGEMENT
LEGAL ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A good contract will spell out ____, or unforeseeable “acts of God” beyond anyone’s control, for which neither party is responsible.
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contingencies
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liabilities
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amendments
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disasters
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Explanation:
Detailed explanation-1: -A service mark distinguishes the provider of a service rather than a product.
Detailed explanation-2: -The answer is earnest money. The essential elements of a valid contract are offer and acceptance, consideration, legally competent parties, mutual agreement, and legal purpose. Earnest money is not required for a valid contract.
Detailed explanation-3: -Definition. A limited liability company (LLC) is a type of business form combining attributes of both corporations and partnerships. It has TWO PRIMARY ATTRIBUTES: (1) the limited liability that shareholders of a corporation enjoy, AND. (2) the tax treatment of a partnership.
There is 1 question to complete.