Greyson is the president of the Speedway Bicycle Company. He also serves as a director of the Flexible Tire Company. It occurs to Greyson that both companies could benefit from a contract in which Flexible agrees to supply Speedway with tires for its bicycles. If Greyson wishes to negotiate a contract between Speedway and Flexible, which of the following is correct?
A) The contract will be void as a conflict of interest.
B) In most states, the contract might be permitted if it is fair and reasonable to both corporations and if Greyson fully discloses all information relating to the transaction.
C) The contract is a clear conflict of interest and will be avoidable by either company even with disclosure.
D) Greyson must bring in an outside broker to mediate the agreement.
Question 2
Russell promises Marty 1,500 if he will completely landscape Russell's yard. Which of the following would discharge Russell's obligations to pay under this contract?
A) Marty leaves a one-foot strip of land barren.
B) Marty doesn't begin work on the landscaping until after he finishes two other jobs.
C) Marty doesn't plant any flowers, shrubs, or grasses.
D) Russell isn't satisfied with Marty's design.
President-elect Barack Obama 150 million tiny carbon nanotubes
Bicycle Escalator
Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu
“Mission Accomplished” proclaimed the banner on the USS Abraham Lincoln, where on May 1, 2003, Presi
In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ...
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...