BLW 3013 Business Law module 2 Questions And Answers Rated 100% Correct
1 view 0 purchase
Course
BLW 3013 Business Law module 2
Institution
BLW 3013 Business Law Module 2
which of the following may allow your corporate veil to be pierced and make you
personally liable?
a. not maintaining corporate records
b. not using your corporation name on all business marketing materials
c. not using your corporation name on all legal documents
d. a,b, and c - ️️d. a,b,...
BLW 3013 Business Law module 2
which of the following may allow your corporate veil to be pierced and make you
personally liable?
a. not maintaining corporate records
b. not using your corporation name on all business marketing materials
c. not using your corporation name on all legal documents
d. a,b, and c - ✔️✔️d. a,b, and c
Which of the following changes in your partnership typically requires a change in the
partnership agreement?
a. addition of a new partner
b. significant change in the structure of the business
c. a partnership agreement may not be changed
d. a and b - ✔️✔️d. a and b
the management responsibilities clause of a partnership agreement details how
partners will make decisions concerning the partnership. t/f - ✔️✔️TRUE
you and a friend want to sell utsa tee shirts during all home football games. you have
secured all the appropriate licensing agreements. however, to mitigate your personal
liability, you and your friend create a partnership and agree that it will dissolve the day
after the last home game. may a partnership be created for such a short period of time?
Yes/No - ✔️✔️YES
when you and your friends contribute property and cash to your small business
corporation, you are financing the corporation with equity. T/F - ✔️✔️TRUE
book valuation is used to base the value of shares of a partnership on the business
assets at the time the business was purchased. T/f - ✔️✔️FALSE
Asset Valuation
your business articles of incorporation are filed with the internal revenue service where
they will be reviewed and approved. T/F - ✔️✔️FALSE
Office of the Secretary of State
the uniform partnership act allows a court to determine how to distribute the profits and
assets of a business when the business partners never sign a partnership agreement.
T/F - ✔️✔️TRUE
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller PatrickKaylian. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
