Business Law 63401

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The U.S. Postal Service is a public corporation.
The majority rule controls decisions on ordinary matters connected with partnership
business.
An offer does not need to be communicated to the offeree to become effective.
Employees who deal with third parties are agents of their employers.
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Generally, an acquiring corporation deals directly with a target company's shareholders
in seeking to purchase the shares they hold.
Bonds represent the borrowing of funds by firms.
A patent and a copyright are examples of intellectual property, but a trademark is not an
example of intellectual property.
There are no plans to develop national standards regulating the fuel economy and
emissions for medium- and heavy-duty trucks.
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A director usually serves on a corporation's board for a life term.
A franchisor can set the retail prices for the goods that a franchisee sells.
The simplest way for a U.S. firm to do business in a foreign market is to export its
products directly to that market.
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Generally, acceptance of an offer to lease goods may be made in any reasonable manner
and by any reasonable means.
Dividends can be paid only in stock in other corporations.
Labor unions can organize and bargain without violating antitrust law.
An oral agreement to form a partnership can never be enforced.

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