Exam 17: Legal Issues: Recognizing Your Small Business Needs

The dissolution of a corporate form,making it back into a sole proprietorship or general partnership,if the court finds that the owner carelessly mixed up personal and business assets or finances is known as:

Which of the following methods is the only formal way of dealing with problems of contract or tort law?

Which of these is a disadvantage of a corporation?

All business contracts have to be in writing to be enforceable.

Walter Bradham,the owner of Bradham Corporation muddled his personal finances with his business accounts.Following a suit into the financial irregularities at Bradham Corporation,a court subjected the Corporation to the decision of piercing the veil.Which of the following course is the court most likely to take in this case?

Someone who uses intellectual property without the permission of the owner is referred to as a(n):

Torts can arise when a person's legal rights are violated in ways other than from a breach of contract.

A(n)_____ is the name under which a business is operated.

Which of the following types of business form is the most popular for start-ups?

What are the four ways in which attorneys typically charge their clients?

What makes all negotiations work is honesty.The optimal strategy is called _________.

Which federal law describes the steps publicly traded businesses must take to protect and provide their key financial information?

The ideal goal in a business negotiation is for one side to win and the other side to lose.

An attorney who is advertising on a local television channel that they will handle all paperwork to establish your corporation for $250 is using the _______ type of billing.

Patents are essentially monopolies granted to inventors by the U.S.government giving patent owners the exclusive rights to make,use,or sell that invention for a certain period of time.

Which of the following countries is one of the most litigious societies in the world?

A(n)_____ refers to a part of a contract in which a party to the contract states that he or she will not be responsible for certain actions.

According to the IRS,to be an independent contractor the person must:

What are the three characteristics that a person must display in order to be recognized as an independent contractor by the IRS?

Which of these arguments would be helpful in deflecting vicarious liability?