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contract changed. The court rules that the price term of the contract be
revised. What type of remedy is illustrated in the scenario?
15.
What is true about specific performance as an equitable remedy for co
ntract breaches?
16.
What is true about the formation of a sole proprietorship?
17.
Identify the true statement about general partnerships.
18.
Anita and Sameera own a salon together. Anita manages the business
and takes management decisions herself. On the other hand, Sameera
has only invested capital in the business. According to the agreement,
Anita assumes responsibility for all the debts and liabilities of the salo
n, but Sameera is liable only for the amount that she contributed to the
business. What type of business form is illustrated in the scenario, ass
uming necessary documents are filed with the appropriate jurisdiction
?
19.
Which statement is true in the context of limited liability companies (L
LCs)?
21.
Which of the following business firms is most likely to be a limited liab
ility partnership (LLP)?
22.
Which of the following statements is true about corporations?
23.
What is one of the characteristics of a typical privately held corporatio
n?
24.
Identify the true statement about corporations.
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ETH 321 Week 3 Team Assignment Corporate Executive
Criminal Conviction Paper