federal form of government
a system of government in which the states form a
union and the sovereign power is divided between a
central government and the member states.
the quality of having independent authority over a
geographic area. for i
Acceptance:A voluntary act by the offeree that shows assent,
or agreement, to the
terms of an offer; may consist of words or conduct.
Agreement :A meeting of two or more minds in regard to the terms of a contract;
usually broken down into t
Legal Environment of Business-2023-003
Name: Khushbu Patel
Student ID: 50490492
Formation of Traditional and E-contracts
Section 1: An overview of contract law:
Contract: A promise for the breach of which the law gives a remedy of which the
Ethics in a business context; a consensus of what
constitutes right or wrong behavior in the world of
business and the application of moral principles to
situations that arise in a business setting.
A concept develop
Articles of organization:The document filed with a designated state official by which
a limited liability company is formed.
Certificate of limited partnership:The basic document filed with a designated state
official by which a limited partne
Section 2: Partnerships
A partnership is an arrangement in which
the profits and liabilities of a business venture.
Agency Concepts and Partnership Law:
When two or person agree with to do business together they enter into sp
Section 1: The basis of tort law
A tort is defined as a negligent or intentional civil wrong not arising out of a contract
or statute. A tort is an act which causes injury and individuals who suffer personal
injury as a result of another
alien corporation:A designation in the United States for a corporation formed in
another but doing business in the United States.
articles of incorporation
The document filed with the appropriate governmental agency, usually the secretary