Legal Environment of Business Vocabulary please fast Use CAPITAL LETTERS for your answer Column B Section B-Directions Match the words in Column A with the best fit explanation in Column B (10 points) a corporation that are beyond a corporation\'s expressed or implied Acts of power Preferred stock Lirnited partnersh B. A debl security that represents the borrowing of funds by firms and governments Equity Securities in which the owners have preferences over control earnings, and assets of a corporation C D. The actual rocess of collecting, iquidating, & disturbing partnership assets Ultra vires Buy-sell agreement or Buyout agreement partnership consising of at least one general partner and one or more limited partners corporations F. A corporation whose shares are not publicly traded but usually held by family members of a relatively small group of persons G. Allows the date of maturity of a negotiable instrument to be extended into Extension dlause Buyout price Holding company the future H. A corporation formed for the purpose other than making a profit. The profits of a corporation retained, or kept/invested in the business J. Provides for one or more partners to buy out the other or others, should the uation warrant K. The amount that would have been distrusted to the partner if the L. A signed wilting or record that contains an unconditional promise or order to Public corporation partnership had been wound up on the date of dissociation pay an exact amount either undemand or at a specified future time. | An association of two or more persons to carry on as co- for prolit A company whose business activity consists of holding shares in another company The profits of a corporation distributled to shareholders Articles of Partnership Confession of Padgment Partnership O. Pierce the corporate P Personal and corporate interests are mixed together to the extent that the corporation has no separate identity instrument to either pay or accept the instrument. -governmenta!purpose U. A demand made by or on behalf of a person entitled to enforce an V. A cooperation formed by the government to meet some political or W An agreerment between partners which can include almost any terms that X. One who starts and assumes the financial risks of a new enterprise and Y. An act by the debtor permilting a judgment to be entered against him or her Retained earnings Closely heled corporation Common stock the parties specity Presentnent who·undertakes toprovide-or to control its management. od by a creditor, for an agreed sum, without the institution of legal pr General ownership or equity in a corporation which entities the stockholders to control, earnings and assels Trade acceptance Q A term used to describe acts by the owners of a corporation to perpetrate a Goodwill fraud, circumvent the law, or in some other way accomplish an illegitimate objective Joint liability Winding up Negotiable instrument T A type of draft that is used in the sale of goods R. The val.

1. Legal Environment of Business Vocabulary
please fast Use CAPITAL LETTERS for your answer Column B Section B-Directions Match
the words in Column A with the best fit explanation in Column B (10 points) a corporation that
are beyond a corporation's expressed or implied Acts of power Preferred stock Lirnited
partnersh B. A debl security that represents the borrowing of funds by firms and governments
Equity Securities in which the owners have preferences over control earnings, and assets of a
corporation C D. The actual rocess of collecting, iquidating, & disturbing partnership assets Ultra
vires Buy-sell agreement or Buyout agreement partnership consising of at least one general
partner and one or more limited partners corporations F. A corporation whose shares are not
publicly traded but usually held by family members of a relatively small group of persons G.
Allows the date of maturity of a negotiable instrument to be extended into Extension dlause
Buyout price Holding company the future H. A corporation formed for the purpose other than
making a profit. The profits of a corporation retained, or kept/invested in the business J. Provides
for one or more partners to buy out the other or others, should the uation warrant K. The amount
that would have been distrusted to the partner if the L. A signed wilting or record that contains
an unconditional promise or order to Public corporation partnership had been wound up on the
date of dissociation pay an exact amount either undemand or at a specified future time. | An
association of two or more persons to carry on as co- for prolit A company whose business
activity consists of holding shares in another company The profits of a corporation distributled to
shareholders Articles of Partnership Confession of Padgment Partnership O. Pierce the corporate
P Personal and corporate interests are mixed together to the extent that the corporation has no
separate identity instrument to either pay or accept the instrument. -governmenta!purpose U. A
demand made by or on behalf of a person entitled to enforce an V. A cooperation formed by the
government to meet some political or W An agreerment between partners which can include
almost any terms that X. One who starts and assumes the financial risks of a new enterprise and
Y. An act by the debtor permilting a judgment to be entered against him or her Retained earnings
Closely heled corporation Common stock the parties specity Presentnent who·undertakes
toprovide-or to control its management. od by a creditor, for an agreed sum, without the
institution of legal pr General ownership or equity in a corporation which entities the
stockholders to control, earnings and assels Trade acceptance Q A term used to describe acts by
the owners of a corporation to perpetrate a Goodwill fraud, circumvent the law, or in some other
way accomplish an illegitimate objective Joint liability Winding up Negotiable instrument T A
type of draft that is used in the sale of goods R. The valuable reputation of a business viewed as
an intangible asset of a S. A third party must sue all of the partners of as a group. but each

2. partner can business or property be held liable for the full amount
Solution
Preferred stock Z
Limited partnership E
Dividends O
Ultra virus
Buysell agreement
Non profit corporations H
Extension clause G
Buyout price
Holding company N
Bonds B
Public corporation V
Entrepreneur X
Article of partnership W
Confession of judgement
Partnership M
Piece the corporate veil p
Retained earnings U
Closely held corporation
common stock C
Presentment
Commingled
Trade acceptance T
Goodwill R
Joint liability
Winding up D
Negotiable instrument