1. are sophisticated investors, such as banks, insurance companies, investment companies, the issuer's executive officers and directors, and persons whose income or net worth exceeds certain limits. 2. Elon owns 500 shares of Twitter, a corporation formed under Delaware law. Delaware has adopted cumulative voting for directors. There are 4 director seats open and 5 candidates: Beth, Nancy, Enid, Sam, and Fred. Elon wants to cast all of his votes for Beth. How many votes can she cast for Beth? a. 500 b. 100 c. 1500 d. 2000 ANSWER: 3. Dave and John are partners in a firm called College Sports Marketing Partners. They decide to admit Pam to the firm as a new partner. Pam's liability for partnership debts incurred before her admission is limited to her capital contribution to the firm. a. b. limited to her personal assets. C. nothing. d. unlimited. ANSWER: