Chapter 10:

1) What is Sole Proprietorship.

2) If two people enter into a business together with the object of making money but lose it instead, can the business still be a partnership?

3) What must a person do in order to qualify as a limited partner?

B) What happens when a limited partner violates one of these qualifications?

4) What is the main advantage of limited liability partnerships?

Chapter 11:

5) In Corporations, how is the liability of a shareholder limited, and why?

6) What is meant by a corporations having a separate legal identity?

Chapter 12:

7) Distinguish among an employee, an independent contractor and an agent.

8) What is constructive dismissal? Will an employee be able to Sue?

9) What risk does an employer face who ignores an employees incompetence over a period of time?