There is no requirement for small, close corporations to operate with the formality usually expected of larger corporations. 

1. Define trespass to chattel. (1pt) 2. Define conversion. (1 pt) 3. Explain a difference between trespass to chattel and conversion. (1 pt) 4. Give an example of trespass to chattel (1 pt) 5. Give and example of conversion (1 pt)

Preferred stock generally does not have voting rights.

To generate funds for a corporate start up, corporations use several different methods.  Match the funding method with the appropriate description below.

List two examples of slander per se.

An adhesion contract is a contract written by one party and presented to the other party on a take-it-or-leave-it basis.

You must have a formal, written agreement to form a partnership. 

Ashley signed a contract with Tim concerning the sale of her business to him. In the contract, there is a provision that states that if either party fails to perform the contract in the future, then the failing party shall pay to the other $1,000. What kind of clause is this?

What document was the precursor to the U.S. Constitution?

Certain mistakes make a contract voidable. Which mistakes are those?