1) Tony Soprano gets together with heads of other waste management companies and they divide the market (agreeing which company will get to service which town). What best describes this arrangement? Choose the right answer:

a) This is an illegal horizontal restraint

b) This is an illegal vertical restraint.

c) This is a legal way to do business.

d) this is improper price fixing.

2)You bring a lawsuit against Summer and Gates a partnership of David Summer and Bill Gates for negligence. You get a judgment of $1 million dollars and learn that David Summer has $1,000 in his bank account but Bill Gates is a multi-billionaire. You win $10 million dollars in the lawsuit. You can

	a.	Only collect against both partners in accordance with their stakes in the partnership
	b.	Only collect against the partnership
	c.	None of the these
	d.	Collect against Bill Gates as there is joint and several liability

3) Your friend says he's opening up a S Corporation to be the "next Facebook." He thinks he will be able to recruit 2000 investors in the first year. What advice would you give him and why?

4)Walmart wants to buy 10 houses to put up a superstore. They employ Mr. Jones to be their agent. Mr. Jones talks to potential home sellers. Mr. Jones says, "I am Mr. Jones and want to buy your house." Mr. Jones does not mention Walmart. This is an example of an:

	a.	Undisclosed Principal
	b.	None of these
	c.	Partially Disclosed Principal
	d.	Disclosed Principal