Essay on Law 531 Academic Success-Snaptutorial.Com
For more classes visit www.snaptutorial.com LAW 531 Week 1 Quiz (Knowledge Check)
LAW 531 Week 1 DQ 1
LAW 531 Week 1 DQ 2
LAW 531 Week 1 Individual Assignment The Legal System and ADR Analysis
LAW 531 Week 2 Quiz (Knowledge Check)
LAW 531 Week 2 DQ 1
LAW 531 Week 2 DQ 2
LAW 531 Week 2 Individual Business Forms Worksheet
LAW 531 Week 2 Learning Team Reflection IRAC Brief
LAW 531 Week 3 Quiz (Knowledge Check)
LAW 531 Week 3 Learning Team Reflection IRAC Brief
LAW 531 Week 3 DQ 1
LAW 531 Week 3 DQ 2
LAW 531 Week 4 Individual Assignment Contract Creation and Management Simulation
LAW 531 Week 4 Learning Team Reflection IRAC Brief
lAW 531 Week 4 Quiz (Knowledge Check)
LAW …show more content…
D. Only the parties responsible for the failure will lose limited liability.
4) Martha started a flower shop as a sole proprietor. After 1 year, she was forced to close the shop because business was so bad. At that time, the business assets totaled $50,000, but the business liabilities totaled $125,000. Which of the following statements is true?
A. Martha is personally liable for the additional $75,000.
B. Martha’s business creditors can collect only the $50,000 of business assets.
C. Martha’s business creditors can collect only the $50,000 now, but if Martha ever goes into business again, they can get the assets of the new business.
D. Once Martha terminates the sole proprietorship, the business creditors cannot even get the $50,000
5) Partners of a general partnership
A. are protected from litigation against the partnership by statute
B. are liable for the obligations of the partnership only to the extent of their capital contributions
C. do not have to pay taxes on the profits of the partnership that are distributed to them
D. are liable for all the obligations of their partnership
6) Which of the following forms of alternative dispute resolution allows both parties to see the strengths and weaknesses of both sides of the case through the presentation of evidence?
A. Negotiated settlement
7) A ___________