1. An intoxicated person is liable for any contracts they make while intoxicated if the other party is not ____ of the intoxication.

2.One way an agency relationship can end is by the agent or principal terminating the relationship. true/ false

3.The owners of a limited liability company are called ______

4. Which of the following is not a duty that agents owe to their principals?

A. obedience B. account C. inform D. ratification 5 Indemnification and reimbursement are duties that principals owe to their agents true/false

6. Under a Chapter 11 bankruptcy, a corporation reorganizes its debts and repays its creditors over ___ months

7. Contracts can end all of the following ways, except: Mutual agreement B. Performance C. Expiration by their terms D. Mutual consideration/value

8. What is missing from this formula? _______ + Incidental Damages + Consequential Damages - Loss/cost avoided