BUS 311 Week 4 Quiz | Assignment Help | Ashford University
- ashford university / BUS 311
- 24 Jul 2020
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BUS 311 Week 4 Quiz | Assignment Help | Ashford University
BUS 311 Week 4 Quiz
Question
1
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?
o
All of these
o
Cary is liable to Pamela.
o
All three partners are liable to Pamela.
o
Cary is liable to his partners for
breaching his duty as an agent for the partnership.
Question
2
Jake moves into an empty house. The owner lives down
the block, and sees Jake coming and going periodically. Before Jake moved in,
the house was often vandalized, but Jake seems to be taking care of it. After
20 years, the law declares Jake to be the owner of the property. This is an
example of:
o
An easement
o
An implied tenancy
o
Adverse possession
o
Accession
Question
3
Kevin and Emily own a house as joint tenants. If
Kevin dies, Emily will own
o
The house, but only if she applies for
partition and can pay Kevin’s heirs their share.
o
The house.
o
An undivided 50% interest in the house
jointly with Kevin’s heirs.
o
A divided 50% interest in the house
jointly with Kevin’s heirs.
Question
4
Mark, Matt, and Janina have a partnership. Which of
the following will dissolve it?
o
Matt is in a car accident and paralyzed
from the neck down.
o
Vernon is added as a partner.
o
Without authority from her partners,
Janina contracts to have the partnership offices completely redecorated.
o
Matt commits a tort within the scope of
partnership business.
Question
5
Which of the following has NOT been a criticism of
the Supreme Court’s decision in Citizens United v. Federal Election Commission?
o
It allowed too much anonymity in money
spent to influence campaigns.
o
It allowed corporations to play too
major a role in political campaigns.
o
It overly restricted freedom of speech.
o
All persons’ rights are not identical.
Question 6
Brandon, an officer for Beta Inc., contracts with
Office Stuff for five new copy machines. The copiers are delivered, but Beta
does not pay for them. Office Stuff
sues. Which of the following best describes the situation?
o
Beta is liable; Brandon is not.
o
Brandon and Beta are both liable.
o
Neither Beta nor Brandon are liable.
o
Brandon is liable, Beta is not.
Question 7
The power of the government to regulate what use real
property may be used for is known as:
o
Eminent domain
o
Zoning
o
Adverse possession
o
Community impact restriction
Question 8
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?
o
Brian is liable if he, as president,
made the contracts with the creditors.
o
Brian will not be liable.
o
Brian is liable because the court will
pierce the corporate veil
o
Brian is liable because he is a 99%
shareholder.
Question 9
Which of the following is NOT involved in doing
business on behalf of the corporation?
o
Shareholders
o
Promoters
o
Officers
o
Directors
Question 10
Isabel invents a new type of exercise shoe, which
she calls the “Super Soul.” To protect the name of her product, Isabel should
get a:
o
Trademark
o
Patent
o
Logo
o
Copyright
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