CONTRACT-bida

have no legal effect whatsoever

• valid

• void

• voidable

• uneforceable

valid until annulled

• valid

• void

• voidable

• unenforceable

parties can include any terms and conditions as long as they are not contrary to law, morals, public policy, public order

• mutuality

• obligatory force

• relativity

• autonomy

contracts are binding only between the contracting parties, their heirs or assigns

• mutuality

• relativity

• obligatory force

• autonomy

Operating structure pertains to the legal formation of a business entity

• Maybe

• False

• True

• Probably

owners of a corporation

• Stockholders

• Stakeholders

• Directors

• Shareholders

kind of operating structure where 1 of the partners is only an investor

• limited partnership

• general partnership

• corporation

• sole proprietor

one of its advantages is that decisions can immediately be made

• general partnership

• sole proprietorship

• corporation

• limited partneship

which does not belong to the group?

• object

• consent

• cause

• contract

mistake, violence, intimidation, undue influence, fraud

• vices of consent

• vice-president

• vice-ganda

• miami vice