TRUE OR FALSE FOR BRAINLIEST ANSWER 1. Generally, a contract must state all of its terms. There can be no missing information and reasonable interpretations are not allowed. 2. An ambiguous contract can be interpreted according the plain language of the contract. 3. The doctrine of quasi-contract generally cannot be used when there is an actual contract that covers the matter in controversy. 4. A voidable contract is a contract that may be rescinded (undone). 5. If a person receives a benefit, the law of implied contracts, or quasi contract, requires that person pay for the benefit. 6. According to the Plain Meaning Rule, when a contract’s writing is clear and unequivocal, a court will enforce it according to its obvious terms.

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u. s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

Aminor has the legal right to repudiate

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