Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 23 2 pts A parents' group in a small town formed an association to run a junior hockey league team. Tony and May were

image text in transcribed
Question 23 2 pts A parents' group in a small town formed an association to run a junior hockey league team. Tony and May were members of the association, which was never incorporated. Tony was elected president of the association and ordered some uniforms for the team. When the uniforms were not paid for the uniform supply company sued Tony and May for the contract price. Regarding the liability of May. May is liable because she is a member of an unincorporated association May is not liable because members of an unincorporated association have no personal liability May is liable if she authorized or ratified the purchase. May is liable but only for 50% of the outstanding debt. Question 24 2 pts A franchisor is required to provide a prospective franchisee a detailed franchise disclosure document at least days before the prospective franchisee signs a binding agreement O 7 days O 14 days o 21 days 28 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dynamic Business Law

Authors: Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs

6th Edition

1260733971, 978-1260733976

More Books

Students also viewed these Accounting questions

Question

From High Risk To High Cost: Why You Shouldn't Buy Bitcoin

Answered: 1 week ago

Question

Describe a typical technical skills training program

Answered: 1 week ago