Karl owns a bike shop.His shop sells and repairs bikes.One of his employees, Joe, was repairing a bike with one of those pesky periodic problems that would never occur when the repair technician was around.The customer said that the gears periodically wound not shift properly.Joe took the bike out for a test ride hoping to replicate the problem.However, the problem did not appear.Because it was approaching noon, Joe decided to ride the bike to his home to have lunch.On the way back to the shop, Joe negligently hit a small child and injured her.Discuss the liability of Joe and Karl's bike shop for the injuries to the child.

An LLPis mostly used by professionals, such as lawyers and accountants.

Group of answer choices

True

False

Ordinarily, Preferred shareholders do not have the same voting rights as Commonshareholders.

Group of answer choices

True

False

Which of the following is not mandatory for traditional C-Corporations?

Group of answer choices

Articles of Incorporation.

Choosing Officers and Directors.

Choosing a Corporate Seal.

Annual Meeting.

Agents have incidental authority based on what powers?

Group of answer choices

Expressed powers.

Implied powers.

Ratified powers.

None of the answer choices is correct.