no need explanation just answer asap

Mail - Jungyeon Lee - Outlc x My Sprott Shaw - Sprott Sh x Th Chapter 7 Study Questions X Homework Help - Q&A from X Homework Help - Q&A from X Dashboard x + X A g2learning.sprottshaw.com/mod/quiz/attempt.php?attempt=791725&cmid=19652&page=2 M 4 M Gmail My Sprott Shaw | S... |Mail - Jungyeon Le... Course Hero(quiz P My Letter - My Perf... . Class AC 112 - Lars... @ Course Materials | P... O OLENS- Best Korea... M McGraw Hill Educate.. M SIMnet - Assignme.. Sprott Shaw College - G2 Learning Jungyeon Lee Time left 1:59:38 2 5 6 Question 11 Which of the following is true with regard to the characteristics of corporations? 10 11 Not yet answered Select one: 16 Marked out of 18 1.00 O a. A shareholder's liability is limited to the amount he or she paid for the shares. O b. The corporation is a separate legal person, but neither can sue nor be sued. Flag 19 20 question O c. Directors are responsible for the shareholders of the corporation. O d. Shareholders are liable for the debts and other obligations of the corporation. Finish attempt ... O e. The shareholders would be vicariously liable for any damage caused by a employee of the corporation carrying out his or her duties. Question 12 Which of the following statements is correct with respect to unlimited liability? Not yet answered Select one: Marked out of 1.00 O a. If there are two partners, each partner can be held responsible for an amount equal to but no more than one half of the debts of the partnership. Flag question O b. Each partner can be held responsible for the debts of the partnership no matter how great they are. O c. Only the partner's share of the partnership assets can be used to satisfy the debt incurred by another partner. O d. Unlimited liability means the partner can lose what he has invested but no more. O e. The partner cannot only lose what she has invested but can also be required to pay an additional amount equal to what she has invested. Question 13 Which of the following statements is true with respect to the obligations in a partnership relationship? Not yet answered Select one: Marked out of 1.00 O a. When a partnership is dissolved, each partner can only be forced by a creditor to pay a portion of the debt equal to his share of the capital contributed Flag question O b. In the absence of agreement to the contrary, the partnership is dissolved when one of the partners serves the others with notice to the effect that he wishes to continue. O C. When a partnership is dissolved, its resources must be used to pay its debts and liabilities; if its assets are insufficient to do this, the partners must use personal resources to meet those obligations. O d. In the absence of agreement to the contrary, when one of the partners is injured, the partnership is dissolved. 12'C 10:31 AM 2022-07-28 3 Partly sunnyMail - Jungyeon Lee - Outlc x My Sprott Shaw - Sprott Sh x Th Chapter 7 Study Questions X Homework Help - Q&A from X Homework Help - Q&A from X Dashboard * + X A g2learning.sprottshaw.com/mod/quiz/attempt.php?attempt=791725&cmid=19652&page=2 M 4 M Gmail My Sprott Shaw | S... |Mail - Jungyeon Le.. Course Hero(quiz P My Letter - My Perf.. Er Class AC 112 - Lars... @ Course Materials | P... O OLENS- Best Korea... M McGraw Hill Educate M SIMnet - Assignme.. Sprott Shaw College - G2 Learning A Jungyeon Lee O e. The partner cannot only lose what she has invested but can also be required to pay an additional amount equal to what she Time left 1:59:34 Question 13 Which of the following statements is true with respect to the obligations in a partnership relationship? Not yet answered Select one: Marked out of 1.00 O a. When a partnership is dissolved, each partner can only be forced by a creditor to pay a portion of the debt equal to his share of the capital contributed Flag question O b. In the absence of agreement to the contrary, the partnership is dissolved when one of the partners serves the others with notice to the effect that he wishes to continue. O c. When a partnership is dissolved, its resources must be used to pay its debts and liabilities; if its assets are insufficient to do this, the partners must use personal resources to meet those obligations. O d. In the absence of agreement to the contrary, when one of the partners is injured, the partnership is dissolved. O e. A partnership can be dissolved only by court order. Question 14 You have been asked by two fellow graduates to join them in incorporating a closely held corporation that would commence a consulting business. Not yet One was in your class, so you know him quite well, but the other is graduating from a different school. You have been discussing the law to review the answered protection it gives you. Read each of the following statements separately and indicate which is true. Marked out of 1.00 Select one: Flag O a. If you have pre-emptive rights and the directors decide to issue a new allotment of shares, the corporation must offer you a portion of the question new issue to allow you to keep your proportional share of the corporation. O b. A shareholder's agreement allows shareholders and not officers to manage the corporation. O c. As a shareholder, you will have the right to vote for the officers of the corporation. O d. If you were voted out as a director by the others, who could show that it was in the best interest of the corporation, you could sell your shares to any interested buyer without interference from the other directors. O e. If you each take one-third of the first allotment of the shares, you will necessarily be a minority shareholder, and have no voting rights in electing the directors of the corporation. Question 15 A partnership is primarily a contractual relationship and can be created verbally or implied by conduct. Not yet KO B Ana 12'C OLDOB 10:31 AM Partly sunny 2022-07-28Mail - Jungyeon Lee - Outlc x My Sprott Shaw - Sprott Sh x In Chapter 7 Study Questions X Homework Help - Q&A from x Homework Help - Q&A from X Dashboard * + X A g2learning.sprottshaw.com/mod/quiz/attempt.php?attempt=791725&cmid=19652&page=2 M 4 M Gmail My Sprott Shaw | S... |Mail - Jungyeon Le... Course Hero(quiz P My Letter - My Perf... . Class AC 112 - Lars... @ Course Materials | P... O OLENS- Best Korea... M McGraw Hill Educate.. M SIMnet - Assignme.. Sprott Shaw College - G2 Learning A Jungyeon Lee Not yet One was in your class, so you know him quite well, but the other is graduating from a different school. You have been discussing the answered Time left 1:59:31 protection it gives you. Read each of the following statements separately and indicate which is true. Marked out of 1.00 Select one: Flag O a. If you have pre-emptive rights and the directors decide to issue a new allotment of shares, the corporation must offer you a portion of the question new issue to allow you to keep your proportional share of the corporation. O b. A shareholder's agreement allows shareholders and not officers to manage the corporation. O c. As a shareholder, you will have the right to vote for the officers of the corporation O d. If you were voted out as a director by the others, who could show that it was in the best interest of the corporation, you could sell your shares to any interested buyer without interference from the other directors. O e. If you each take one-third of the first allotment of the shares, you will necessarily be a minority shareholder, and have no voting rights in electing the directors of the corporation. Question 15 A partnership is primarily a contractual relationship and can be created verbally or implied by conduct. Not yet answered Select one: Marked out of O True 1.00 Flag O False question Previous page Next page ~ Case Study 5 Upload portal Jump to.. Chapter 8 PowerPoint updated You are logged in as Jungyeon Lee (Log out) MG131 Data retention summary Get the mobile app Ko D And 12"C 10:31 AM Partly sunny 2022-07-28Mail - Jungyeon Lee - Outlc x My Sprott Shaw - Sprott Sh x Th Chapter 7 Study Questions X Homework Help - Q&A from X Homework Help - Q&A from X Dashboard x + X A g2learning.sprottshaw.com/mod/quiz/attempt.php?attempt=791725&cmid=19652&page=3 M 4 M Gmail My Sprott Shaw | S... |Mail - Jungyeon Le.. Course Hero(quiz P My Letter - My Perf... . Class AC 112 - Lars... @ Course Materials | P... O OLENS- Best Korea... M McGraw Hill Educate M SIMnet - Assignme.. Sprott Shaw College - G2 Learning Jungyeon Lee 2 4 5 6 Time left 1:59:26 Question 16 A secured creditor has first claim against assets used as security. 9 10 11 12 Not yet answered Select one: 13 Marked out of 14 15 16 17 1.00 O True Flag O False 19 20 question Finish attempt ... Question 17 An example of estoppel is when a person allows himself or herself to be called a partner. Not yet answered Select one: Marked out of O True 1.00 Flag O False question Question 18 Preferred shareholders usually get preference when dividends are declared, but receive no vote. Not yet answered Select one: Marked out of O True 1.00 Flag O False question Question 19 The unlimited liability of partners means that not only can they lose their entire investment in the business, but their personal assets (such as their Not yet homes and cars) are also at risk. answered Marked out of Calart And' KO B And 12'C HOLDOBROV 10:31 AM Partly sunny W 2022-07-28 3Mail - Jungyeon Lee - Outlc x My Sprott Shaw - Sprott Sh x Th Chapter 7 Study Questions X Homework Help - Q&A from x Homework Help - Q&A from X Dashboard * + X A g2learning.sprottshaw.com/mod/quiz/attempt.php?attempt=791725&cmid=19652&page=3 M 4 M Gmail My Sprott Shaw | S... |Mail - Jungyeon Le.. Course Hero(quiz P My Letter - My Perf... . Class AC 112 - Lars... @ Course Materials | P... O OLENS- Best Korea... M McGraw Hill Educate.. M SIMnet - Assignme.. Sprott Shaw College - G2 Learning Jungyeon Lee r rlag question Time left 1:59:22 Question 19 The unlimited liability of partners means that not only can they lose their entire investment in the business, but their personal assets (such as their Not yet homes and cars) are also at risk. answered Marked out of Select one: 1.00 O True Flag question O False Question 20 Where a corporation is not able to pay the debts it owes, the creditors can turn to the shareholders for payment. Not yet answered Select one: Marked out of O True 1.00 Flag O False question Previous page Finish attempt .. ~ Case Study 5 Upload portal Jump to.. Chapter 8 PowerPoint updated You are logged in as Jungyeon Lee (Log out) MG131 Data retention summary Get the mobile app Ko E And 12"C 10:31 AM Partly sunny 2022-07-28 3