Final Exam Notes

Final Exam Notes - 394, 453-457, 459, 472, 478, 490,...

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394, 453-457, 459, 472, 478, 490, 598-599, 608-609, 612-618, 623-627, 629, 631, 633, 639-647, 663, 667-669. 42 pgs. total Business 14 Final Exam Sole Proprietorships - are easy to start. There is no filing needed. (Ch. 16 pg. 453) Partnership- Can be a formal agreement or can even just start with anyone. (Ch. 16 pg. 454) Joint Venture (Ch. 16 pg. 472) o Created for a limited purpose. This is unlike a partnership which can last a lifetime. Shareholders elect the Board of Directors. Board of Directors appoints the Officers. (Ch. 17 pg. 486) o Board of Directors and Officers have fiduciary duties to the Corporation. Intellectual Property- Trademarks (Ch. 21 pg. 610) o If the term becomes generic, the trademark looses its protection. Transfers (Ch 22 pg. 621) o When transferring a property, you must give up the deed and you do not have to record it, although it should be recorded for evidence. Tenancy for Years-
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Final Exam Notes - 394, 453-457, 459, 472, 478, 490,...

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