Questions from Business Law


Q: Gary goes grocery shopping and carelessly leaves his checkbook in his shopping

Gary goes grocery shopping and carelessly leaves his checkbook in his shopping cart. His checkbook, with two blank checks remaining, is stolen by Dolores. On May 5, Dolores forges Gary’s name on a che...

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Q: Like many students, Barbara Hann financed her education partially through loans

Like many students, Barbara Hann financed her education partially through loans. These loans included three federally insured Stafford Loans of $7,500 each ($22,500 in total). Hann believed that she h...

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Q: What is meant by joint and several liability? Why is this

What is meant by joint and several liability? Why is this often considered to be a disadvantage of the partnership form of business?

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Q: What are the key differences between the rights and liabilities of general

What are the key differences between the rights and liabilities of general partners and those of limited partners?

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Q: What advantages do limited liability companies offer to businesspersons that are not

What advantages do limited liability companies offer to businesspersons that are not offered by sole proprietorships or partnerships?

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Q: What is a close corporation?

What is a close corporation?

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Q: What four steps are involved in bringing a corporation into existence?

What four steps are involved in bringing a corporation into existence?

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Q: What are the duties of corporate directors and officers?

What are the duties of corporate directors and officers?

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Q: What is a voting proxy?

What is a voting proxy?

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Q: What is meant by the term securities?

What is meant by the term securities?

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