true and false questions.1.In choosing a form of business organization for a new enterprise, important factors include the liability of the owner.2.A partnership agreement can include almost any terms that the partners wish.3.State law governs the formation of a limited partnership.4.In a limited partnership, limited partners have essentially the same right as general partners to participate in management.5.When a corporation earns profits, it must distribute them to shareholders.6.In certain instances of fraud, a court may "pierce the corporate veil" to hold the shareholders individually liable.Multiple choise.1.Ross e-mails Super Surfboard Company's marketing campaign to Summer Sports Corporation, Super's competitor, without its permission. This isa.a sneaky but legal method to shock a business rival.b.a secretive but lawful way to exact revenge on a supervisor.c.a simple, legitimate attempt to create a job opportunity.d.a theft of trade secrets.2.Like most successful companies, Paychex, Inc., has trade secrets. The law protects those secrets ifa.Paychex employees do not divulge the information to outside parties.b.Paychex employees do not handle confidential documents.c.Paychex employees never leave the company's employ.d.the information is unique and has value to a competitor.3.Suchin's debt to Trixie is past due. Trixie obtains a judgment against Suchin to collect the debt, but Suchin refuses to pay. Trixie asks the court to order the seizure and sale of Suchin's property. This is a request fora.a guaranty (or suretyship) contract.b.an order that would violate most states' laws.c.an order of receivership.d.a writ of execution.4.Delilah files a petition in bankruptcy. The proceeding is governed by the Bankruptcy Code, which is part ofa.state law.b.federal law.c.the U.S. Constitution.d.international law.5.Seth files a petition for bankruptcy. Seth must include with the petitiona.proof of each creditor's claim.b.a list of creditors and the amount of the debt owed to each.c.all of his debit and credit cards to be disposed of by the court.d.an affidavit testifying to his having read the Bankruptcy Code6.Cluckee Chick'n Corporation provides its prospective franchisees with projected earnings figures based on actual data. Cluckee Chick'n must also disclosea.the number and percentage of franchisees that achieved the figures.b.hypothetical examples of potential earnings.c.an answer to the entrepreneur's question, "How much will I make?"d.none of the choices.7.Parker and Oscar sign a partnership agreement to do business as "Parker's Plumbing" without specifying a duration. This partnership is terminablea.at any time by either partner.b.only after a reasonable term.c.only if Parker dissociates from the firm.d.only if Oscar dissociates from the firm.8.Gizelle, Haya, and Ivy do business as Janitorial Services, Limited Partnership. After Gizelle's relationship to the firm ends, Haya and Ivy agree not to continue the business. This isa.dissociation.b.dissolution.c.gross negligence.d.simple misconduct.9.Hugh is a limited partner and Ida is a general partner in HI Volume, a limited partnership. Joy is one of HI Volume's creditors. On HI Volume's dissolution, the party whose rights have the first priority to the firm's assets isa.Hugh and Ida.b.Hugh only.c.Ida only.d.Joy only.10.Felicity and Gideon want to form and do business as Home Healthcare Corporation. A corporation isa.a natural being.b.a tangible thing.c.an artificial person.d.a visible radiance.11.Gelato Ice, Inc., is incorporated in the state of New Jersey and is doing business in the state of New York. In New York, Gelato is properly referred to asa.a domestic corporation.b.a foreign corporation.c.an alien corporation.d.a de jure corporation.12.Bertram, Claudia, and Dynah form Eat Local, Inc., a closely held corporation, and agree to restrict the transfer of its stock to anyone else. A reasonable purpose for a stock transfer restriction in a closely held corporation, like the agreement between Bertram, Claudia, and Dynah, isa.a desire to limit the participation of outsiders in the firm.b.a goal to restrain insiders from taking advantage of their position.c.an attempt to restrain the free flow of commerce among investors.d.a wish to restrict the transfer of the shareholders' physical assets.13.Zero Sum Games Corporation has forty-three shareholders. The minimum number that must be present at a meeting for a shareholders' vote isa.all of the shareholders.b.a quorum.c.a proxy.d.three of the shareholders.
1.In choosing a form of business organization for a new enterprise, important factors include the liability of the owner.T2.A partnership agreement can include almost any terms that the partners wish.T3.State law governs the formation of a limited partnership.T4.In a limited partnership, limited partners have essentially the same right as general partners to participate in management.F5.When a corporation earns profits, it must distribute them to shareholders.F6.In certain instances of fraud, a court may "pierce the corporate veil" to hold the shareholders individually liable.Td.a theft of trade secrets.d.the information is unique and has value to a competitor.d.a writ of execution.
what about other questions's answers??
b.federal law.b.a list of creditors and the amount of the debt owed to each.d.none of the choices. ?a.at any time by either partner.b.dissolution.d.Joy only.c.an artificial person.b.a foreign corporationa.a desire to limit the participation of outsiders in the firm.b.a quorum
Were any of my answers incorrect?
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