Business Law 4. Ch. 41 Corporations The National Collegiate Athletic Association
ID: 445129 • Letter: B
Question
Business Law
4. Ch. 41 Corporations
The National Collegiate Athletic Association (NCAA) is a nonprofit corporation organized in the State of Indiana. The NCAA conducts several championship events throughout the United States. The 2016 Men’s Basketball Final Four will be held at Reliant Stadium in Houston, Texas. The NCAA has contracted to lease Reliant Stadium for two weeks up to and including the championship. The NCAA has also leased over 300 hotel rooms in the Houston area. To plan and conduct the championship event in Houston, over 20 NCAA employees will visit Houston over a two-year period, some of them spending over 75 days in Houston. Should the NCAA qualify to do business in Texas?
Explanation / Answer
Business Law
4. Ch. 41 Corporations
The National Collegiate Athletic Association (NCAA) is a nonprofit corporation organized in the State of Indiana. The NCAA conducts several championship events throughout the United States. The 2016 Men’s Basketball Final Four will be held at Reliant Stadium in Houston, Texas. The NCAA has contracted to lease Reliant Stadium for two weeks up to and including the championship. The NCAA has also leased over 300 hotel rooms in the Houston area. To plan and conduct the championship event in Houston, over 20 NCAA employees will visit Houston over a two-year period, some of them spending over 75 days in Houston. Should the NCAA qualify to do business in Texas?
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Answer :
Given Information :
Key Facts :
Analysis :
Should the NCAA qualify to do business in Texas?
As it is clearly mentioned in question that NCAA has contracted to lease Reliant Stadium.So this contract means a strong consideration of conducting a event in Texas.
NAAC is doing:
1) Strong planning
2) Resource management
3) Time management
4) Follow up
5) Divided project into phases
6) Legal obligation by making contracts
So all these points are self explanatory about that NCAA will qualify to do a business in Texas.
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