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Question 1 Oral contracts _______________________________. a Are not legal. b Cannot be enforced in court. c Are more difficult to prove in court than contracts
Question 1 Oral contracts _______________________________. a Are not legal. b Cannot be enforced in court. c Are more difficult to prove in court than contracts in writing. d Lack agreement. Question 2 The maximum number of shareholders a Subchapter S Corporation may have is _____________. a 1,000 b 35 c 25 d 100 e Subchapter S Corporations may have an unlimited number of shareholders. Question 3 An offeree is _______________________. a The defendant in a case based on quantum merit. b The person who makes an offer to form a bilateral contract. c The person to whom the offer to form a unilateral or bilateral contract is made. d The person who makes an offer to form a unilateral contract
| Question 1 | |
| Oral contracts _______________________________. | |
| a | Are not legal. |
| b | Cannot be enforced in court. |
| c | Are more difficult to prove in court than contracts in writing. |
| d | Lack agreement. |
| Question 2 | |
| The maximum number of shareholders a Subchapter S Corporation may have is _____________. | |
| a | 1,000 |
| b | 35 |
| c | 25 |
| d | 100 |
| e | Subchapter S Corporations may have an unlimited number of shareholders. |
| Question 3 | |
| An offeree is _______________________. | |
| a | The defendant in a case based on quantum merit. |
| b | The person who makes an offer to form a bilateral contract. |
| c | The person to whom the offer to form a unilateral or bilateral contract is made. |
| d | The person who makes an offer to form a unilateral contract |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
