Questions from Business Law

Q: 1. Which of the following is not necessary to create a

1. Which of the following is not necessary to create a partnership? A. Execution of a written partnership agreement B. Agreement to share ownership of the partnership C. Intention of conducting a busi...

Q: 1. Generally, a corporation’s articles of incorporation must include all

1. Generally, a corporation’s articles of incorporation must include all of the following except the: A. Name of the corporation’s registered agent B. Name of each incorporator C. Number of authorized...

Q: Omnicare was a company that sold medication to nursing homes. When

Omnicare was a company that sold medication to nursing homes. When it made these sales, it often received rebates from drug companies. In its registration statement under the 1933 Act, the company sta...

Q: 1. If a manager engages in self-dealing, which

1. If a manager engages in self-dealing, which of the following answers will NOT protect him from a finding that he violated the business judgment rule: A. The disinterested members of the board appro...

Q: 1. The burden of proof in a civil trial is to

1. The burden of proof in a civil trial is to prove a case ___. The burden of proof rests with the ___. A. beyond a reasonable doubt; plaintiff B. by a preponderance of the evidence; plaintiff C. beyo...

Q: 1. A majority of shareholders at Weed, Inc. wanted

1. A majority of shareholders at Weed, Inc. wanted to reinstate the former CEO of the company and sell off an unprofitable division. Do shareholders have the right to make these two decisions? A. Yes...

Q: 1. A voluntary petition filed under the liquidation provisions of Chapter

1. A voluntary petition filed under the liquidation provisions of Chapter 7 of the federal Bankruptcy Code: A. Is not available to a corporation unless it has previously filed a petition under the reo...

Q: 1. When a common stock offering requires registration under the Securities

1. When a common stock offering requires registration under the Securities Act of 1933: (a) the registration statement is automatically effective when filed with the SEC. (b) the issuer would act unla...

Q: Clarice, a young woman with a mental disability, brought a

Clarice, a young woman with a mental disability, brought a malpractice suit against a doctor at the Medical Center. As a result, the Medical Center refused to treat her on a nonemergency basis. Claric...

Q: 1. Are horizontal price fixing and vertical price fixing per se

1. Are horizontal price fixing and vertical price fixing per se violations of the Sherman Act? A. Yes, Yes B. Yes, No C. No, Yes D. No, No 2. If Sterling Steel (SS) refused to buy concrete from Carat...