
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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1. What is 4 type of contract before enter business.
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- 5. Which of the following is a disadvantage of partnership? Question 5 options: Unlimited liability. More independence than proprietorship. Easy to form. Pooled talent.arrow_forwardC. Identify the Form of Business Organization being described. (a 1. Form of business organization with unlimited lives and the death or withdrawal of an owner does not affect its existence. 2. The establishment is generally an easy and inexpensive process. _3. The most important characteristic of this form of organization is always limited liability. 4. It involves a contractual agreement between all the partners that set the terms and conditions of their business relationship, including the distribution of ownership, responsibilities, and profits and losses. 5. This form of business organization generally enjoys fewer options to raise capital.arrow_forward5. Distinguish between three types of merger. Give examples:arrow_forward
- Please describe in as much detail as possible the different ways we can source dealsarrow_forwardQuestion 4 a) With reference to contract law, identify and explain the elements that need to be present to form a valid contract? b) Under what circumstances can an offer come to an end? Discuss using case law.arrow_forward
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