Question 1

Logan is a director for Metal Masters Company.Ordinarily,Logan owes fiduciary duties only to

Accepted Answer

A) himself. 
B) Metal Masters's creditors. 
C) Metal Masters's personnel. 
D) Metal Masters's shareholders. 
A) himself. 
B) Metal Masters's creditors. 
C) Metal Masters's personnel. 
D) Metal Masters's shareholders. D

Question 2

Twisted Dipsy Pretzels Inc.offers entrepreneurs the opportunity to operate a franchise under the Twisted Dipsy trade name as a member of a select group of dealers that engage in the retail pretzel-concession business.To potential investors,Twisted Dipsy makes earnings claims.For those claims,the franchisor must have

Accepted Answer

A) a hypothetical basis. 
B) a reasonable basis. 
C) an actual basis. 
D) no basis. 
A) a hypothetical basis. 
B) a reasonable basis. 
C) an actual basis. 
D) no basis. B

Question 3

Home & Hearth,Inc. ,is a close corporation owned by Iona,Jamon,and Kleo,who are siblings.Each shareholder is also a director and officer.When the family disagrees over how to operate Home & Hearth,Jamon and Kleo vote to oust Iona from her position as Home & Hearth's president.Iona files a suit against the others,alleging a breach of fiduciary duty.The court may order Jamon and Kleo to

Accepted Answer

A) buy Iona's shares. 
B) sell Iona's shares publicly. 
C) sell Jamon and Kleo's shares publicly. 
D) sell Jamon and Kleo's shares to Iona. 
A) buy Iona's shares. 
B) sell Iona's shares publicly. 
C) sell Jamon and Kleo's shares publicly. 
D) sell Jamon and Kleo's shares to Iona. A

Question 4

Kirby is a manager of Jumpstart Fitness LLC,a limited liability company.Jumpstart is formed in a state that imposes fiduciary duties on LLC managers.Kirby owes these duties to

Accepted Answer

A) Jumpstart's members. 
B) Jumpstart's suppliers. 
C) Jumpstart's customers. 
D) none of the choices. 
A) Jumpstart's members. 
B) Jumpstart's suppliers. 
C) Jumpstart's customers. 
D) none of the choices.

Question 5

Beyond Gamez,Inc. ,a video game retailer based in California,does business in all fifty states exclusively online.According to New York state tax law,an out-of-state online retailer must collect and remit state taxes to New York if the retailer

Accepted Answer

A) plans to establish a substantial physical presence in New York. 
B) targets a potential marketing base in New York. 
C) maintains a Web site accessible in New York. 
D) pays a party within New York to solicit business for its products. 
A) plans to establish a substantial physical presence in New York. 
B) targets a potential marketing base in New York. 
C) maintains a Web site accessible in New York. 
D) pays a party within New York to solicit business for its products.

Logan is a director for Metal Masters Company.Ordinarily,Logan owes fiduciary duties only to

Kirby is a manager of Jumpstart Fitness LLC,a limited liability company.Jumpstart is formed in a state that imposes fiduciary duties on LLC managers.Kirby owes these duties to

Beyond Gamez,Inc. ,a video game retailer based in California,does business in all fifty states exclusively online.According to New York state tax law,an out-of-state online retailer must collect and remit state taxes to New York if the retailer

Business and Its Legal Environment

The Court System

Alternative and Online Dispute Resolution

Ethics and Business Decision Making

Constitutional Law

Administrative Law

Criminal Law and Cyber Crime

International Law in a Global Economy

Contract Formation

Contract Performance,breach,and Remedies

Sales,leases,and E-Contracts

Torts and Cyber Torts

Strict Liability and Product Liability

Intellectual Property and Internet Law

Creditor-Debtor Relations and Bankruptcy

Mortgages Foreclosures After the Recession

Sole Proprietorships, franchises, Partnerships

Limited Liability Companies and Limited Partnerships

Corporations

Agency

Employment Relationships

Employment Discrimination

Immigratiion and Labor Law

Consumer Protection

Environmental Law

Real Property Land-Use Control

Antitrust and Monopoly

Antitrust and Restraints of Trade

Investor Protection and Corporate Governance

Part I: The Foundations

Part II: The Public and International Environment

Part III: The Commercial Environment

Part V: The Employment Environment

Part VI: The Regulatory Environment.

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Exam 33: Part IV: The Business Environment

Logan is a director for Metal Masters Company.Ordinarily,Logan owes fiduciary duties only to

Kirby is a manager of Jumpstart Fitness LLC,a limited liability company.Jumpstart is formed in a state that imposes fiduciary duties on LLC managers.Kirby owes these duties to

Beyond Gamez,Inc. ,a video game retailer based in California,does business in all fifty states exclusively online.According to New York state tax law,an out-of-state online retailer must collect and remit state taxes to New York if the retailer

Business and Its Legal Environment

The Court System

Alternative and Online Dispute Resolution

Ethics and Business Decision Making

Constitutional Law

Administrative Law

Criminal Law and Cyber Crime

International Law in a Global Economy

Contract Formation

Contract Performance,breach,and Remedies

Sales,leases,and E-Contracts

Torts and Cyber Torts

Strict Liability and Product Liability

Intellectual Property and Internet Law

Creditor-Debtor Relations and Bankruptcy

Mortgages Foreclosures After the Recession

Sole Proprietorships, franchises, Partnerships

Limited Liability Companies and Limited Partnerships

Corporations

Agency

Employment Relationships

Employment Discrimination

Immigratiion and Labor Law

Consumer Protection

Environmental Law

Real Property Land-Use Control

Antitrust and Monopoly

Antitrust and Restraints of Trade

Investor Protection and Corporate Governance

Part I: The Foundations

Part II: The Public and International Environment

Part III: The Commercial Environment

Part V: The Employment Environment

Part VI: The Regulatory Environment.

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