1 Microsoft has found out that someone is selling fake digital copies of Word and Excel. The sales have now stopped. What is the best remedy for Microsoft?

a.Delivery up

b. Injunction

c. Damages

d.Accounting

2 Which of the following does NOT accurately describe the liability of partners in a regular partnership?

a. Liability is unlimited

b. Liability is limited to capital invested

c. Liability is collective

d.Liability is personal

3 Claire and Solomon are partners in a regular partnership. The partnership agreement states that only Claire is liable for the debts of the partnership. The partnership has now failed to pay a large bill. Who can the creditor sue for compensation?

a. Both partners, but creditor must sue Claire first

b. Claire

c. Both partners

d. Only the partnership is liable, not the partners

4 Which of the following is NOT a potential source of personal liability for partners in a limited liability partnership?

a.Breach of contract by partnership

b. Negligence of a partner

c. Negligence of an employee of partnership

d.All of the above

5 Joe and Rodriguez are partners in a Limited Liability Partnership (LLP). Joe has acted negligently when working on a client file, causing significant losses to the client. Who is personally liable for the losses:

a. Only Joe

b. Neither Joe nor Rodriguez

c. Only Rodriguez

d.Both Joe and Rodriguez