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20 July, 00:06

1. Which of the following is the most permanent type of business organization?

a. general partnership

b. limited partnership

c. corporation

d. sole proprietorship

2. Quasi-contracts are based on the theory of

a. inequity.

b. equity.

c. fairness.

d. third-party rights.

3. The object of the contract must be

a. tangible.

b. genuine.

c. in written form.

d. lawful.

i think it's c, b, d

+1
Answers (1)
  1. 20 July, 00:34
    0
    1) The most permanent type of business organization is a Corporation.

    It is a company or group of people or an organisation authorized to act as

    a single entity (legally a person) and recognized as such in law.

    2) Quasi-contracts are based on the theory of Equity. A quasi-contract is a

    fictional contract that was created by courts to promote equitable

    treatment. It is not an actual, legally-binding document, but instead a legal

    substitute for a contract that is formed to impose equity between two

    distinct parties.

    3) The object of the contract must be lawful ... T he object of a contract must

    be lawful when the contract is made, and possible and ascertainable by

    the time the contract is to be performed.
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Home » Business » 1. Which of the following is the most permanent type of business organization? a. general partnership b. limited partnership c. corporation d. sole proprietorship 2. Quasi-contracts are based on the theory of a. inequity. b. equity. c. fairness. d.
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