6th exam
Articles of incorporation
Trustee
Debtor
Corporation
Us Constitution Article 1 section 8
Discharge
Chapter 13
Claim
Bankruptcy reform act of 1978
Bonified purchaser
Duty of care
Duty of loyalty
Partnership
Entrepreneur
Franchise
Professional service associations
Automatic stay
Exempt property
Order of relief
Bankrucpy estate
Causa mortis
Testamentary capacity
Situs
Limited liability company
Limited partnership
Sole proprietorship
Sub chapter ess
Winding up
Fixture
Chapter 7,11,13
Dissolution
Liquidation
Charter
Bankruptcy estate
Fiduciary
Devise
Par value
Ultra virus
Inter vivos gift
What does it mean “pierce the corporate veil”
What are the 3 steps necessary to end a partnership
Name at least 4 functions of a will
Name 3 types of businesses that are denied the right to liquidation precedings under chapter 7 of the bankrucpy act
Types of bankrupcys relevant to business. There are more then 3 but 3 specific to business. Name them by naming the chapter because they are called by their chapter. Discuss briefly the primary features of each
A business may acquire or join with other businesses in a variety of ways. For example a business may singly purchase the asset of another firm or businesses may consolidate or businesses may merge. There are at least 4 merger classifications. What are they?
Identify 4 advantages of a sole proprietorship
Identify 4 disadvantages of a sole proprietorship
Who controls the day to day management of a limited partnership?
How many shareholders can a sub chapter ess corporation may have?
Notes
Law basically treats property as a bundle of rights. These bundle of rights can include the right to physical control of a thing, called possession. The right to transfer property to another person – sale gift or will. The right to destroy it
This notion of bundle of rights means that this property is a series of relationships in which people have rights and other people have duties
Owner – person who possesses all the rights or
Trustee
Debtor
Corporation
Us Constitution Article 1 section 8
Discharge
Chapter 13
Claim
Bankruptcy reform act of 1978
Bonified purchaser
Duty of care
Duty of loyalty
Partnership
Entrepreneur
Franchise
Professional service associations
Automatic stay
Exempt property
Order of relief
Bankrucpy estate
Causa mortis
Testamentary capacity
Situs
Limited liability company
Limited partnership
Sole proprietorship
Sub chapter ess
Winding up
Fixture
Chapter 7,11,13
Dissolution
Liquidation
Charter
Bankruptcy estate
Fiduciary
Devise
Par value
Ultra virus
Inter vivos gift
What does it mean “pierce the corporate veil”
What are the 3 steps necessary to end a partnership
Name at least 4 functions of a will
Name 3 types of businesses that are denied the right to liquidation precedings under chapter 7 of the bankrucpy act
Types of bankrupcys relevant to business. There are more then 3 but 3 specific to business. Name them by naming the chapter because they are called by their chapter. Discuss briefly the primary features of each
A business may acquire or join with other businesses in a variety of ways. For example a business may singly purchase the asset of another firm or businesses may consolidate or businesses may merge. There are at least 4 merger classifications. What are they?
Identify 4 advantages of a sole proprietorship
Identify 4 disadvantages of a sole proprietorship
Who controls the day to day management of a limited partnership?
How many shareholders can a sub chapter ess corporation may have?
Notes
Law basically treats property as a bundle of rights. These bundle of rights can include the right to physical control of a thing, called possession. The right to transfer property to another person – sale gift or will. The right to destroy it
This notion of bundle of rights means that this property is a series of relationships in which people have rights and other people have duties
Owner – person who possesses all the rights or