Business Organization for Paralegals Final

You’ve spent the entire semester answering my questions, now it is time for you to draft some of your own and “show what you know.”
• For this final examination, please use the chart below to draft 10 questions about important concepts you have learned in the chapters we have covered since the last exam. You will also need to include a model answer for the question and a justification for why you selected that topic (i.e., why is it an important area of the law).
• Do not simply re-state the review questions found at the end of each chapter.
• Each question, model answer, and justification is worth a total of 10 points.

Book: Business Organizations for Paralegals

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Question
Model Answer Justification
Example (please note that the example below covers material not included in our chapters and is presented as an illustration of what I want you to do)

When is a corporate resolution required in a real estate closing transaction and why is it important? In this column write your model answer for each question.

A corporate resolution is required in any closing transaction if either the purchaser or the seller is a corp. A corporate resolution is important because it authorizes the sale or purchase of real property on behalf of the corp. and empowers certain officers of the crop. To sign the purchase or sale documents. In this column draft a brief explanation of why you selected the question you did.

I selected this question because it is important for students to understand the significance and purpose of such real estate documents as corporate resolutions that allow business entities to buy and sell commercial real estate.

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