BUS 311 Week 4 Quiz

BUS 311 Week 4 Quiz | Ashford University

Week 4 – Quiz

Question 1

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 too much anonymity in money spent to influence campaigns.

·         It allowed corporations to play too major a role in political campaigns.

·         It overly restricted freedom of speech.

Question 2

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 of these

·         All three partners are liable to Pamela.

·         Cary is liable to his partners for breaching his duty as an agent for the partnership.

·         Cary is liable to Pamela.

Question 3

Anna gathers leaves that have fallen from a neighbor’s tree onto the sidewalk and makes them into an elaborate collage. Anna owns the collage by:

·         Eminent domain

·         Accession

·         Manufacture

Question 4

Aaron and Jerard form a partnership, with Aaron as general partner and Jerard as a limited partner. Which of the following is true?

·         If Jerard dies, the partnership will dissolve.

·         Aaron will be fully personally liable for business debts.

·         Jerard will not be personally liable for business debts.

·         Two of these

 Question 5

Generally, the law presumes that the renter of an apartment will

·         fix a leaky faucet.

·         show the apartment to prospective buyers if the building is for sale.

·         give at least 60 days notice that he is leaving.

·         fix a leaky roof.

Question 6

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

·         It overly restricted freedom of speech.

·         It allowed too much anonymity in money spent to influence campaigns.

·         It allowed corporations to play too major a role in political campaigns.

·         All persons’ rights are not identical.

Question 7

Tamsyn is a promoter for Akers Inc., which is in the process of being formed. Tamsyn makes a contract with Lyle to rent warehouse space for Akers. Once Akers is formed, the board decides to buy a warehouse instead of renting. Who is liable to Lyle?

·         All of these

·         The board of directors for Akers Inc. Correct!

·         Tamsyn

·         Akers Inc.

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?

·         Brian is liable if he, as president, made the contracts with the creditors.

·         Brian is liable because the court will pierce the corporate veil

·         Brian will not be liable.

·         Brian is liable because he is a 99% shareholder.

Question 9

Which of the following is a partnership?

·         Allen, Bianca, and Caroline jointly run an organization offering free advice to LGBT teenagers.

·         Peyton and Eli, who invest $50,000 and $75,000 respectively, buy a bookstore and run it together.

·         All of these are partnerships.

·         Jennifer and Brad each put in $20,000 to buy a high interest Certificate of Deposit, intending to cash it at maturity and split the money equally.

Question 10

In the case Kelo v. City of New London, when the city sought to take Kelo’s home by eminent domain to sell it to a private developer, the Supreme Court ruled that

·         State legislatures could limit the power of eminent domain.

·         Two of these

·         The city had the power to take Kelo’s home, since increasing the tax base was a public use.

·         It was an unconstitutional taking of Kelo’s home.