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3 questions
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Style:
APA
Subject:
Law
Type:
Multiple Choice Questions
Language:
English (U.S.)
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Date:
Total cost:
$ 12.96
Topic:

Business Organizations and New York State Law Questions

Multiple Choice Questions Instructions:

part-II true/False questions
Part III-discuss the issues presented in connection with the fact pattern.(One-two paragraph)

ASSUME ALL QUESTIONS HEREIN CONCERN THE LAWS IN NEW YORK UNLESS OTHERWISE STATED.

MULTIPLE CHOICE QUESTIONS 1 THROUGH 24 AND TRUE/FALSE QUESTIONS 25 THROUGH 50:  ANSWER THE FIRST 24 QUESTIONS BY CLEARLY WRITING AN "A, B, C," OR "D" AND ANSWER QUESTIONS 25 THROUGH 50 BY CLEARLY WRITING “T” OR “F” NEXT TO THE CORRESPONDING NUMBER ON A SEPARATE SHEET OF PAPER OR IN AN E-MAIL. DO NOT SEND THE EXAM BACK TO ME, JUST YOUR ANSWERS.  DO NOT GIVE ME ANY EXPLANATIONS.  THEY WILL BE DISCARDED. PLEASE FOLLOW DIRECTIONS.  IF YOU FAIL TO FOLLOW DIRECTIONS, YOU MAY LOSE POINTS. 

Discuss the following in your answer:

Shareholder derivative action(s)

Service of process on Twinkle

The Board of Directors’ fiduciary duty

The Officers’ fiduciary duty

Venomous Snake’s Fiduciary Duty

Board of Directors’ defense(s) to any potential shareholder derivative action(s).

Aniella’s causes of action against the corporation, the shareholders, the Board of Directors, and the officers.

The connection between winding down the corporation and pending lawsuits

Any other potential issues you see in this scenario 

 

Multiple Choice Questions Sample Content Preview:
PART I: Multiple Choice Questions 1 through 24 1        One individual may own the following business entity(ies): a)      limited liability company, C corporation, and S corporation b)      C corporation and S corporation, but not a limited liability company c)      S corporation only                                                                                    d)      neither the limited liability company, nor the C corporation, nor the S corporation   2        The following business entity(ies) enjoys/enjoy pass-through taxation status:  a)         general partnership only b)         limited partnership only c)         neither the general partnership nor the limited liability partnership d)         both the general partnership and the limited liability partnership   3        May an individual work for a corporation as an independent contractor and not as an employee:
  1. Yes, a corporation is a person under the law and could hire whomever it pleases. 
  2. Yes, a corporation is a person under the law, but needs pre-approval from the IRS to classify someone as an independent contractor.
  3. Yes, but only if the individual works for the corporation alone and not for any other  companies during her term of employment with the corporation;
  4. A corporation may not hire independent contractors to do work for the corporation. 
  4        A business entity where the owners have unlimited personal liability is:       a)  both sole proprietorship and general partnership       b)  sole proprietorship only        c)  neither the sole proprietorship nor the S corporation       d)  both the sole proprietorship and the C corporation   5        Adam is CEO of Eve’s Apple, Ltd.  When acting for “Apple” in the ordinary course of business, Adam is
  1. Agent only;
  2. Agent and Principal;
  3. Principal Only;
  4. Neither.
  6         Cal employs Daily Employment Agency as an agent under a written agreement that describes 7        the rights and duties of both parties. This is 8        Select one: 9    ...
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