Just need an answer, no need explanation.

3. In a corporation the information commonly not included in the bylaws is: (1 Point) O a) date of the annual shareholders meeting. 0 b) the number on the board of directors. 0 c) requirements for a quorum. Q d) the number and class of stock. 4. Cumulative voting and preemptive rights are corporate practices to protect: III)\" Point) O a) secured creditors. O b) minority shareholders. O c) corporate officers. 0 d) members of the board of directors 5. Revocation of an offer takes place when: [T, (1 Point) O a. the offerer has been properly notified. O b. the offeree has been properly notified. O c. a proper counteroffer is made. O d. the offeree properly refuses the offer.6. Which of the following statements is correct concerning the "reasonable person" standard in tort law? mu Point) O a) A person driving a vehicle in the rain must act as would a reasonable person driving a vehicle in the rain. 0 b) The reasonable person standard focuses on the defendant's subjective mental state rather than on the defendant's behavior: 0 c) The reasonable person standard varies from person to person. 0 d) The mental state and actions of a person do not relate to the reasonable person standard. 7. The principle which establishes the priorities between competing secured creditors claiming the same collateral is: (1 Point) O a) first in sight first in right b) first in first out O c) last claimant gains first rights O d) first in time first in right 8. A corporate bond is different from corporate stock because: (1 Point) a) bonds represent equity in the corporation. O b) bond holders have no control in the management of a corporation. O c) corporate stock always pays a dividend. O d) there is no real difference, they are both investments.9. The common definition(s) of a person or entity that is bankrupt is: I. debtor's debts exceed assets II. the number of the debtor's creditors exceeds the amount set by bankruptcy statute. III. debtor's failure to pay debts as they come due IV. the business intention of the debtor in seeking bankruptcy. The correct response for this question is: (1 Point) a: I and II O b: II and III c: I and III O d: all of the above are correct10. To pierce the corporate veil is to: (1 Point) O a) safeguard that business decisions are made to benefit the shareholders. O b) fail to declare a corporate dividend. O c) ensure the business judgment rule is satisfied. 0 cl) hold shareholders liable for corporate obligations. 11. A common policy of bankruptcy is to: (1 Point) O a) ensure preferential transfers are enforced. O b) enforce executory contracts. 0 c) treat creditors fairly Q d) allow ongoing civil actions by creditors against debtors to proceed. 12. Complete this sentence: \"In general damages for breach of contract can only be claimed for a loss in the reasonable contemplation of the parties (1 Point) O a) at the time of the breach 0 b) at the time the contract was made 0 c) within 6 years of the date of the breach 0 d) within 6 years of the date on which the claimant became aware of the breach 13. Which of the following statements are true? mu Point) 0 An agency contract always has to be in writing 0 An agent must always act in the best interest of the principle 0 An agent's duties are known as jus quaesitum tertio 0 An agency contract will always set out the agent's implied authority 14. What is an order of garnishment when issued by a court? mu Point) O a) An order against the defendant's bank or some other person holding money belonging to the defendant requiring payment of that money to e.g. the claimant O b) An order preventing the defendant from selling any of his property until the amount owed to the claimant has been paid 0 c) An order allowing the claimant (or bailiffs acting on his behalf) to seize the defendant's prop- erty and sell it to pay off the amount owed to the claimant Q d) An order requiring the defendant's employer to pay some of the defendant's salary direct to the claimant in order to pay off the amount owed 15. Which of the following is not required for a valid offer: (1 Point) O a) an objective intention by the offeror O b) an offer must be made in writing 0 c) an offer must be communicated to the offeree Q d) the terms of the offer must be reasonably certain or definite so that the parties and the court can ascertain the terms of the contract. 16. A process of settling a claim in which a debtor offers to pay a lesser amount than the creditor is owed is called: '3')\" Point) O a) reformation O b) recission O c) lawful redress 0 d) accord and satisfaction 17. The policy behind granting ownership in a trademark is: (1 Point) O a) prevent consumer confusion O b) encourage businesses to create useful names 0 c) separate marks from the public domain 0 d) allow governments to regulate product names for the public good 18.A proxie is: mu Point) O a) a type of agency 0 b) a defense to the enforcement of a contract. 0 c) a type of claim in bankruptcy. Q d) a common security investment. 19. Acquiring ownership to a piece of land based through continuous possession or occupation of the property without the permission of its legal owner is called: (1 Point) O a covenant 0 an easement O adverse possession O a remainder interest 20. The distinctiveness of a trademark (arbitrary or fanciful, suggestive, descriptive or generic) is important because: (1 Point) 0 more distinctive marks can become generic over time 0 government recognition of a mark comes from distinctiveness 0 more distinctive trademarks are easier can create powerful secondary meaning 0 marketing power is diluted by distinctiveness 21. The due diligence process is part of the business judgment rule. (1 Point) 22. Repossession is a common right of an unsecured creditor (1 Point) 23. Common items which can be collateralized in a secured transaction include accounts receivables. (1 Point) 24. An option contract allows an offeree to keep an offer open for a period of time upon the payment for the option. (1 Point) 25. Modern securities laws were passed as a result of World War II. (1 Point) 26. In a business reorganization bankruptcy action the main objective is to discharge, and quickly end, creditor claims against the debtor. (1 Point) 27. The corporate good citizen business ethics theory places shareholder prot above all other considerations. (1 Point) 28. Securities laws seek to instill confidence in investment markets, so that the price of a security adequately reflects its value. (1 Point) True False 29. The registered agent of a corporation generally keeps records of all stock trades performed. (1 Point) True False30. The prospectus describes an investment including important disclosures about the risks of an investment. (1 Point) 31. Once created, an inventor is granted rights in a patent. (1 Point) 32. A mutual mistake about the identity of the subject matter does not affect the validity of the contract. (1 Point) 33. A person can be an employee and also act as an agent for the employer (1 Point) 34. All partners in a partnership can share equally in the prots even if they do not share equally in management responsibilities. 35. A contract for the sale and purchase of a home need not be in writing if the purchase price is under $25,000. (1 Point) 36. When rights under a contract are assigned, the assignee receives the same rights as the assignc (1 Point) 37. An agent is given formal written authority to sign checks for her principal. This formal written authorization is called a power of attorney. (1 Point) 38. One disadvantage of a sole proprietorship is the expense of setting it up. 39. Most corporations are incorporated for a term of ten years (1 Point) 40. The major difference between a general partnership and a limited partnership is the partners'degree of liability. (1 Point)