Boris, a sole proprietor, manufactures glass containers for beverages. Boris wants to convert his business to a corporation. Just before he completes the paperwork to incorporate, Boris renews the lease on his factory. Which of the following is true? Select one Oa No one is liable: Boris' sole proprietorship no longer exists and the corporation did not sign the lease. Ob Boris remains personally liable on the lease unless the corporation adopts it through a novation The new corporation is instantly liable on the lease as soon as it is incorporated Od The lease contract is breached as soon as Boris' business is incorporated Clear my choice Eva and Liesel have been partners of Swiss Construction for 5 years. One day, Liesel purchases an F-150, which is titled in her name, but which they both use for business. One weekend, while Liesel is using the truck to go off-roading, Eva calls asking to use it to for business purposes. Liesel says "No, it's mine." Which of the following is true? Select one: a. Lloset must let Eva use the truck because it is partnership property O b. Liesel must allow Eva to use the truck but she can charge Eva reasonable rent O c. Liesel does not have to let Eva use the truck because its title is in her name. O d. Eva only has use of the truck during regular business hours -notten the weekend, George and Ringo are partners and in OR Recording Studios. They lease their studio from Mick Jagger. One month before their partnership ends, Mick invites Ringo to open a recording studio with him. If Ringo accepts, Select one O a. Ringo has not violated his fiduciary duty to George because their partnership was about to end O b. Ringo has violated his fiduciary duty to George by not including him in the new partnership O c. Ringo has violated his fiduciary duty to George because they were childhood friends from Liverpool O d. Ringo has not violated his fiduciary duty to George because Mick is entitled to chose his partners