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All main topics / Law / International Law

LAW (125 Cards)

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116
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Omega Corporation and Peak Code, Inc., two software firms, wish to combine their research and development capabilities to make a special, limited edition computer game. The most appropriate legal entity for this project might be

a. a business trust.
b. a joint stock company.
c. a joint venture.
d. a syndicate.
c. a joint venture.

Begründung:
A joint venture is a relationship in which two or more persons or business entities combine their efforts or their property for a single transaction or project.
Tags: Joint venture
Source: p. 85
117
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Best Construction, Inc., and General Real Estate Corporation form a joint venture. A joint venture is usually formed for

a. an implied duration of not more than six months.
b. a single activity or transaction.
c. a stated duration of not more than one year.
d. perpetual existence.
b. a single activity or transaction.

Begründung:
A joint venture is a relationship in which two or more persons or business entities combine their efforts or their property for a single transaction or project or a related series of transactions or projects.
Tags: Joint venture
Source: p. 85
Flashcard set info:
Author: Elisa
Main topic: Law
Topic: International Law
School / Univ.: Hanze Hogeschool
City: Groningen
Published: 14.02.2010
Tags: Exam Year 1
 
Card tags:
All cards (125)
? (1)
2nd Absatz (2)
also see partnership by estopel (1)
Assault and Battery (2)
Business Organization (1)
Business Trust (2)
Chain-Style business operation (2)
Conversion (1)
Conversion - letzter Absatz (1)
Coporate Financing (1)
Coporate Personnel (1)
Defamation (1)
Disadvantages ot the sole proprietorship (1)
Dissolution LP (1)
Dissolution of LP (1)
Distributorship (2)
Domestic (1)
Fact versus Opinion (1)
False imprisonment (1)
Family Limited Liability Partnerships (FLLP) (1)
First Orginazational Meeting (1)
First sentence (2)
Foreign and Alien Coporation (1)
Formation of a Limited Partnership (1)
Formation of a LP (1)
Franchise (1)
Incorporation procedure (1)
INncorporation Precedure (1)
Joint stock company (2)
Joint venture (2)
last sentence (1)
Liabilities of limited partners (1)
Limited Liability Partnership (LLC) Liability (1)
Limited partners and Managment (1)
LLC (1)
Location Chartering (1)
Negligence (1)
Partnerships (1)
Payment for the franchise (2)
Payment of the franchise (1)
point 2 (1)
Preferred Stock (1)
Preferred stocks (1)
Pricing agreement (1)
Processing-Plant arrangement (2)
Profesional Corporation (P.C) (1)
Professional Corporation (1)
Professional Corporation (P.C) (1)
Promoter Liability (Promoter Activities) (1)
Restriction in the Articles of Incorpration (1)
Right of limited partners (1)
Self-defense (1)
Slander of Quality (1)
Slander of Title (1)
Stocks (3)
Syndicate (2)
Termination of the franchise (2)
The publication requirement (1)
The scope of implied powers (1)
Trespass to Land (1)
Trespass to personal property (2)
Wrongful interfence with a contractual relationship (1)
Wrongful interference with a business relationship (2)
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