Question
35.Shareholders can vote out a board of directors even if the directors started the company or own shares themselves. True / False 36.A creditor may
35.Shareholders can vote out a board of directors even if the directors started the company or own shares themselves.
True / False
36.A creditor may repossess collateral if the creditor or the creditor's agent does not breach the peace. This requirement is very strict, and if the creditor or the creditor's agent causes any disruption whatsoever, the repossession is voided.
True / False
37.On Monday, a baker offers to make scones for a customer's event. On Tuesday, the baker realizes that she has too many orders the week of the customer's event, so she drops a revocation letter in the mail. On Wednesday, the customer sends an acceptance email. Thursday, the customer receives the mailed revocation.
A.The revocation letter was posted before the acceptance, so no contract was formed.
B.The acceptance was effective on emailing, so there is a contract.
C.There is no meeting of the minds, so there is no contract.
D.There is a quasi-contract because any other outcome would be unfair to the baker.
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