Hello, I have an assignment ( course Business Law)

Instructions: Fill in the Blanks Using the Words Below

1.J.K. Rowling works as a salesclerk at Barnes and Noble. Rowling is an _______________.

2.Angelina, a real estate agent, purchases for herself a home that she knows her client Pauline wants. Angela has violated her _______________.

3.By purchasing the house for herself, Angela has _______________the principal's opportunity.

4.J.K. Rowling is sued by a customer for suggesting a book the customer hated. Barnes and Noble will indemnify her based on the doctrine of _______________.

5.Barnes and Noble would not have indemnified J.K. Rowling if she were notacting within the scope of her _______________.

6.Whoopie Goldberg opens a store that sells clothing for religious people, naming the business Habitat for Heaven's Helpers or HHH for short. This name is an_______________.

7.Whoopie Goldberg, the only owner of HHH, is sued by a customer who is angry because the clothing didn't give her angel's wings. If Whoopie loses the case, she is _______________to the customer.

Assumed NameUsurpedAuthorityFiduciary DutyAgent

Respondeat SuperiorPersonally Liable

Instructions: Fill in the Blanks Using the Words Below

8.Larry, Moe, and Curly start a partnership they call Three Stooges. Each invests $35,000. Their investment is called _______________.

9.Shemp sues the Three Stooges, claiming that he is a partner too because he manages the business and gets profit as part of his compensation. The Three Stooges correctly claim he is not a partner because he does not share the businesses _______________.

10. The owners of the Three Stooges are happy because the business makes a lot of money. Each month they take home their _______________.

11.Because the partners, and not the business, pays taxes on the money they earn, the partnership is considered a _______________tax entity.

12. Partners have _______________ and _______________ authority to conduct business to further the partnership business.

13. When Larry, Moe, and Curly start arguing about how to run the business, Shemp suggests they make _______________.

14. Moe believes that all of their problems can be solved by following the _______________which gives them equal management rights.

15. Shemp, believing he has been treated unfairly, sues The Three Stooges and Larry, Moe, and Curly. Shemp knows that all four defendants are liable and that he when he wins his lawsuit, he can collect from any one of the defendants. This is known as _______________.

16. Angry about losing the lawsuit, Larry decides to leave the partnership and wants Moe and Curly to _______________ his share of the business.

17. Moe and Curly decide to call it quits and terminate the business. First they must _______________all their business, then _______________ their assets, and finally pay their _______________.

Wind Up Pass Through Express ProfitsBuy Out

Joint and Several LiabilityPartnership Agreement Creditors

Uniform Partnership ActLossesImplied CapitalLiquidate

Instructions: Fill in the Blanks Using the Words Below

18. Marty and WendyByrde establish a limited liability company which will own their casino. Marty and Wendy are _______________.

19. The state of Missouri, where the casino will be located, requires Marty and Wendy to file _______________.

20.Marty does not want his bankers to know where he lives, so Wendy agrees to be the _______________and accept any legal complaints the LLC receives.

21. After talking to her friend Shemp, Wendy believes they need an _______________, but Marty thinks Moe is right and the _______________ will settle their differences by making them share management and profits equally.

22.Wendy doesn't trust Marty and wants the LLC to be _______________, instead of _______________, with her friend Darlene acting as manager.

23.Marty doesn't trust Darlene. He's afraid she'll destroy the business in which case he'll lose all of his _______________.

24.Wendy sees Marty take some of the casino profits and hide them in a personal bank account. She sees him take more of the casino's money to buy himself a Maserati. Wendy worries that the court will _______________and make them personally liable for the business debt.

capital contributions membersOperating Agreement

manager-managedLimited Liability Company StatuteRegistered Agent

Articles of OrganizationPierce the Corporate Veilmember-managed

Thank you so much for helping me.