week 4 quiz Business law

Question 11 pts

A partnership generally is required to

have two or more partners.file articles of partnership with the state.have a written partnership agreement.pay federal tax.

Flag this Question

Question 21 pts

Danette takes her coat into Quik Clean Dry Cleaners and leaves it there to be picked up in one hour. Quik loses her coat, so Danette sues Quik. In this instance,

Danette wins; this is a gratuitous bailmentDanette wins; this is a bailment for mutual benefitQuik wins; this is a gratuitous bailmentQuik wins; this is not a bailment

Flag this Question

Question 31 pts

A trademark is an example of:

Tangible propertyPersonal propertyReal propertyIntellectual property

Flag this Question

Question 41 pts

Brian is the 99% shareholder, president, and director of Arapine Corp. He frequently uses the corporation credit card for his personal expenses. If Arapine is insolvent and unable to pay its debts, and the corporation’s creditors sue Brian personally, what is the likely result?

Brian is liable because he is a 99% shareholder.Brian is liable if he, as president, made the contracts with the creditors.Brian is liable because the court will pierce the corporate veilBrian will not be liable.

Flag this Question

Question 51 pts

Cary, Dean, and Madeline are partners in a furniture store. Madeline wants to buy some antiques from an upcoming estate sale. Dean thinks it’s a good idea, but Cary says it is too pricey. Madeline goes ahead and buys the antiques. Which of the following best describes the situation?

Cary will not be liable to the estate on the antiques contract.The partnership and all three partners will be liable on the contract for the antiques.All three partners must agree on the furniture purchase.The estate can hold the partnership liable, but Madeline has breached her duty to the partnership.

Flag this Question

Question 61 pts

Laura gives her neighbor Jack the right to use Laura’s driveway to access his garage, since it is easier than going around by the alley. This is an example of:

A tenancy in commonA profitA bailmentAn easement

Flag this Question

Question 71 pts

Which of the following business organizations takes the fewest formalities to form?

LLC The social media company Facebook was originally which type of organization?Limited partnershipPartnershipCorporation

Flag this Question

Question 81 pts

Cary, Dean, and Madeline are partners in a furniture store. While on his way to deliver some furniture to a customer, Cary accidentally runs over Pamela Pedestrian. Pamela sues the partnership. Which of the following is true?

All three partners are liable to Pamela.All of theseCary is liable to his partners for breaching his duty as an agent for the partnership.Cary is liable to Pamela.

Flag this Question

Question 91 pts

If you find a diamond bracelet on the public sidewalk, you are most likely to be able to keep the bracelet if it is:

Lost propertyAny of these: Finders keepersMislaid propertyAbandoned property

Flag this Question

Question 101 pts

Which of the following has NOT been a criticism of the Supreme Court’s decision in Citizens United v. Federal Election Commission?

All persons’ rights are not identical.It allowed corporations to play too major a role in political campaigns.It allowed too much anonymity in money spent to influence campaigns.It overly restricted freedom of speech.

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more