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Introduction to Contracts, Sales, Product Liability, and Bankruptcy

Introduction

Learning Outcomes

After reading this appendix, you should be able to answer these questions:

  1. How does the legal system govern business transactions and settle disputes?
  2. What are the required elements of a valid contract, and what are the key types of business law?
  3. What are the most common taxes paid by businesses?

Source: Rice University, https://openstax.org/books/introduction-business/pages/a-understanding-the-legal-and-tax-environment
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