Please answer the 10 questions and explain your answer
22. If the parties to a dispute agree to non-binding arbitration, what is true? a. An arbitrator will make the decision. The decision is legally binding. The decision is not legally binding. a. and b. e. a. and c. 23. What is true about corporate debt? a. Stock represents ownership in the corporation. b. Stock represents debt of the corporation. Stocks have a maturity date. d. Stocks do not have a maturity date. e. a. and d. b. and c. 24. What formation document(s) must be filed to form a LLC? a. Articles of incorporation b. Articles of organization. C. Articles of formation. All of the above. 25. This doctrine holds that a principal may be held liable for wrongful acts committed by agents or employees while acting within the course and scope of their agency or employment. Res ipsa loquitur. b. Vicarious liability. C . Respondeat Superior. d. Detour and Frolic.26. This doctrine holds that a principal may be held liable for wrongful acts committed by agents or employees while acting within the course and scope of their agency or employment. a. Res ipsa loquitur. Vicarious liability. C . Respondeat Superior. d. Detour and Frolic. 27. In corporate law, acts of a corporation that are beyond its express and implied powers are acts and an is often sought by shareholders or the secretary of state. Illegal/injunction. Ultra vires/agreement. Ultra vires/injunction. Illegal/agreement. 28. Which of the following is/are true in terms of equitable principles and maxims? a. Equitable relief will be awarded when there is no adequate remedy at law. b. Whoever seeks equity must do equity. C. One seeking equity must come to the court with "clean hands." d. All of the above. e . None of the above. | 29. What functions are provided by administrative agencies? a. Rulemaking. b. Adjudication. C. Issuance of Interpretive Rules. Final appeal e. All of the above. h a., b., and c.30. What is true about a limited liability company ("LLC")? a. It is formed under articles of organization. b. It is formed under an operating agreement. C. It can be managed by non-members d. It can be managed only by members. e. a. and c. f. b. and c. 31. What is true about a "joint stock company"? a. It can have a perpetual existence like a corporation. b. Like a corporation it is formed under state statutes. C. Like a corporation it is usually managed by directors and managers. d. All of the above. e. a. and c. 32. What is the rule called requiring that if the contract being executed is or must be in writing, then the agent's authority must also be in writing? a. Express authority rule. D. Written agency rule. C. Equal dignity rule. d. None of the above
