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Extra Credit 2

Business Law Puzzle 1
Across
A contract that does not exist
A fictitious legal entity that is created according to statutory requirements.
The right of a partner to be reimbursed for expenditures incurred on behalf of the partnership
Person who forms and operates a new business either by him or herself or with other.
Partnership that consists of two or more persons to carry on as co-owners of a business for profit.
Contract that meets all the essential elements of establishing a contract
Model act that codifies partnership law.
Owners of a corporation who elect the board of directors and vote on fundamental changes in the corporation.
Contract that is not fully performed by one or both parties
A contract in which at least one party has the option of voiding the contract
Obligation partners owe to use the same level of care and skill that a reasonable person in the same position would use in the same circumstances
Down
Promise that is unenforceable because it lacks consideration
A form of business in which the owner is actually the business.
Powers beyond express powers that allow a corporation to accomplish its corporate purpose
Corporation formed to conduct private owned business
Change in the relationship of partners in a partnership caused by any partner ceasing to be associated in the carrying on the business
Corporation in the state in which it was formed.
A duty a partner owes to inform his or her co-partners of all information he or she possesses that is relevant to the affairs of the partnership
Liability of partners for contracts and debts of the partnership
Withdrawal of offer by the offeror that terminates the offer