1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ganezh [65]
3 years ago
13

When does a corporation become a party to contracts made by the person forming a corporation?

Business
1 answer:
saul85 [17]3 years ago
7 0

Answer:

They become part of a contract when the agents, personnel, and officers bind the contract of the cooperation by law.

Explanation:

the law that binds the contract is called agency law or cooperate law.

You might be interested in
What American business had a monopoly on the fur trade in the Far West?
navik [9.2K]
C. John Jacob Astor.

The American business that had a monopoly on the fur trade in the far west was founded by John Jacob Astor.

The business was called American Fur Company. Since it was founded, the company grew to monopolize the fur trade in the United States by 1830. It became one of the largest and wealthiest businesses in the United States.
7 0
3 years ago
You’re a bright, female investment analyst about to give a major presentation to a group of bankers supporting a corporate acqui
Ivanshal [37]

Explanation:

In this case, the ideal is to reject a task that is not mandatory in your contract. The boss's attitude in this situation was somewhat sexist, as it reduced the professional skills of a female investment analyst to having to be liked and serving coffee to bankers, since the professional was there to make a great professional presentation.

These unprofessional attitudes can be combated with an assertive attitude, without the professional feeling cornered by the possibility of suffering reprisals, but it is by maintaining an ethical, professional attitude and imposing respect, that it is possible for such unethical acts to be combated and not accepted any more. formal work environment.

7 0
3 years ago
Suppose Frank owns a vintage Porsche in mint condition. He agrees to sell it to Smith, but the night before the parties are to e
Korvikt [17]

Answer:

This is a situation arising from objective impossibility.

Explanation:

The contract was made for mint condition of car. The car damaged while it was with Frank. Thus, parties are thus discharged from their obligations under the contract.

6 0
3 years ago
Read 2 more answers
A company has the following liabilities at year end: Mortgage note payable; $16,000 due within 12 months $355,000 Short-term deb
Grace [21]

Answer:

The amount that the company should include in the current liability section of the balance sheet is $16,000

Explanation:

The short-term debt that the company is refinancing with long-term debt is non-current and  deferred tax liability arising from depreciation is also non-current and should be disclosed as such in the Balance sheet after the sub-heading long-term borrowings.

Therefore, The amount that the company should include in the current liability section of the balance sheet is $16,000

4 0
3 years ago
Once the organization structure is in place, a supervisor must identify the tasks to be done, combine them into jobs, and then f
Nataly [62]
<span>Once the organization structure is in place, a supervisor must identify the tasks to be done, combine them into jobs, and then formalize the process through a: D. Scalar Chain
In a scalar chain, there is a clear distinction of authority between the supervisor and te employees. In this process, the employees are free to communicate to the supervisor about anything</span>
8 0
3 years ago
Other questions:
  • Which of the following is an argument for free trade?
    15·1 answer
  • Adding more people to a project that is falling behind schedule often causes more setbacks because of the increased complexity o
    10·1 answer
  • Anish kapoor's to reflect an intimate part of the red represents:
    9·1 answer
  • Selling insurance without a license without misappropriating premium funds is a ________.
    12·1 answer
  • Which of the following statements about market share is true?
    10·1 answer
  • Crane Company acquired a tract of land containing an extractable natural resource. Crane is required by its purchase contract to
    9·1 answer
  • Marigold Corporation had net sales of $2,423,800 and interest revenue of $36,500 during 2020. Expenses for 2020 were cost of goo
    11·1 answer
  • CWN Company uses a job order costing system and last period incurred $70,000 of actual overhead and $100,000 of direct labor. CW
    11·1 answer
  • China Imports Inc. sold 10,000 units in May. Per unit selling price and variable expense were $23 and $15, respectively. Fixed e
    10·1 answer
  • In 2014, the United States defined poverty as the state in which anyone is surviving on less than $1. 25 a day. $5. 25 a day. $1
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!