8,9,10

(8) Sara operated a sole brakes; however, immediately after driving in a car accident. If Frank sues "Sara's Service Station" and wins a judgment for his da proprietorship auto repair shop called "Sara's Service Station". Sara worked on Fr away from Sara's shop, Frank's brakes gave out and he was seriously injured (a) personally liable for 25% of the damages awarded to Frank (b) personally liable for 50% of the damages awarded to Frank (c) personally liable for 100% of the damages awarded to Frank able to Frank for up to the amount Sara has personally invested in Sara's Service Station personally liable for any damages awarded to Frank so long as Sara properly formed her sole proprietorship (9) Hogan is a director of a large corporation. Hogan owns a piece of land that the corporation wishes to purchase and Hogan desires to sell this land at the fair market price. If he sells the land to the corporation, has he breached any fiduciary duty? (a) no, a director does not owe a fiduciary duty to his corporation (b) no, since Hogan is selling his land to his corporation in a fair and reasonable contract (c) yes, unless he discloses his conflict of interest to the shareholders who must then approve the sale of by a simple majority (d) yes, unless he discloses his conflict of interest to the shareholders. (e) none of the above 10) Ned owns a landscaping business called "Grow and Mow." Ned makes all the management decisions, is personally liable for all expenses, and keeps all profits. Ned has two (2) employees who he pays by the hour. Legally, "Grow and Mow" is a (d) either choice (a) or (b) is correct (e) none of the choices are correct (a) general partnership (b) limited partnership (c) sole proprietorship