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LES 305 FINAL EXAM KORETZ QUESTIONS WITH CORRECT ANSWERS

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LES 305 FINAL EXAM KORETZ QUESTIONS WITH CORRECT ANSWERS

Institution
LES 305
Course
LES 305

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cybersquatting


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The act of registering a domain name that is the same as, or confusingly
similar to, the trademark of another and then offering to sell that domain
name back to the trademark owner.




State Blue Sky Laws


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govern intrastate sales of securities

,t/f the grant of a patent is a guarantee that your product or invention will be
protected


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False - it can be taken away (appealed)




S corporation


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A unique government creation that looks like a corporation but is taxed like
sole proprietorships and partnerships

FLOW THROUGH




Proxy


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(n.) an agent, substitute; a written permission allowing one person to act in
another's place




freeze out


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, Merger undertaken with the objective of eliminating minority shareholders




Takeovers are governed by


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The williams act




T/F
Registeresd agents, also known as statutory agents, may manage the business when
the members are unavailable


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False - they are only authorized to accept service of process for the
organization




tender offer


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Offer to more than 10 percent of the shareholders of a firm for the
purchase of their shares; generally part of a takeover effort.




Securities Act of 1934 regulates

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the secondary trading of securities




domestic corp


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A term used to describe a corporation in the state in which it is
incorporated.




The business judgement jule sates that


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Directors adn officers are protected from liability if htey carefully discuss
and study their decisions




T/F? trade secrets must be registered to be effective


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false - wont be a secret




Partnership by Implication

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Institution
LES 305
Course
LES 305

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