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If a general partnership declares Chapter 7 bankruptcy, each partner's per- The Articles of Incorporation require you to indicate someone to receive of- sonal liability is automatically dissolved without the need for any further le- ficial legal notices. The designation for this person is which of the follow- gal action. T/F ing? If a customer of yours is delinquent in paying their bill, you should begin to C Shareholder create a paper trail by first sending to them which of the following? C Registered Agent Incorporator C Duector A lawyer may charge you a retainer fee for their services which is a per- centage of the amount the lawyer may obtain for you in a lawsuit. The Uniform Partnership Act allows a court to determine how to distribute True the profits and assets of a business when the business' partners never signed a Partnership Agreement. False True Angel Investor, Judy Robinett, says that the typical venture capital investor expects a return on their investment between 3 to 5 years. False True An act or "wrong" done to society such as shop lifting is typically consid False ered under criminal law. Past due collection letters to an individual customer should be addressed to True the customer using their name. When writing to a company, you should ad- dress the letter to the owner or chief operating officer. C False C True