Instructions: Select the best answer for each of the following items. Blacken the appropriate space on the scantron to indicate your answer. Mark only one answer for each item. 1. Joe's BabyFood and Pesticide corporation was incorporated in Delaware. It wishes to do business in Idaho. The shareholders all reside in North and South Dakota. From Idaho's perspective, the corporation is best described as: a. alien. b. domestic. c. foreign. d. multistatial. 2. e. unwelcome. Explorer Motors advertises a "used 1991 Explorer Traveller 500, Serial No. 121192, for $40,000." This is a(n): 3. a. offer to sell. b. offer to buy. c. d. e. soft offer. invitation to make an offer to buy. none of the above. Mike McMaster and Diane Sofko decided to merge their competing real estate brokerage proprietorships. The resulting general partnership was established by a mere handshake. The oral partnership agreement did not cover profit-sharing or salaries. For this partnership, a. b. c. d. the federal anti-trust laws could never apply. the statute of frauds does not require that Mike and Diane's agreement to be in writing. the partnership is voidable by the creditors of either proprietorship. Diane is entitled to a reasonable salary for her services as managing partner.