What describes how parties have done business in the past, possibly allowing a parties silence to be an answer to an offer? 

A. Past consideration 

B. Course of dealing 

C. Chain of custody 

D. None of the above 

If the corporation s initial shareholders and board of directors are concerned about double taxation of the corporation, they may consider 

A. forming a limited liability corporation. 

B. filing a Subchapter S election. 

C. eliminating double taxation in the corporation s bylaws. 

D. filing a tax-exempt status form with the Internal Revenue Service.