Question 12 Not yet answered Marked out of 1 Flag question In a lawsuit related to an accident, 10% of the blame is allocated to the plaintiff and the remaining 90% is allocated to the defendant. This is an example of which of the following? a. Contributory negligence O b. Comparative negligence O c. Assumption of risk O d. None of the above Next page Previous page FirQuestion 1 3 Not yet answered Marked out of 1 \\v Flag question What is the difference between a dormant company and a defunct company? \\ a. A dormant company has ceased to operate and may be struck off the Register of Companies while a defunct company is inactive but remains a registered company with minimum formalities. b. A dormant company is considered inactive but remains a registered company with minimum formalities while a defunct company has ceased to operate and may be struck off the Register of Companies. c A dormant company and a defunct company are the same Question 14 Not yet answered Marked out of1 \\V Flag question True or False: A person is killed and the determination if the killer should be charged with first degree murder versus a lesser charge like manslaughter is often determined by the intent of the killer when the action was committed. a. True b. False Question 1 5 Not yet answered Marked out of1 \\v Flag question To establish negligence under tort law, which of the following statements is accurate? a. Causation is not required to establish negligence under tort law b. Both actual cause and proximate cause must exist to establish negligence under tort law c. lfthe reasonable person standard has been breached, then causation is not necessary d. lfthe reasonable person standard has been breached, then the negligence of strict liability has been established. e. All of the above are accurate f. None of the above are accurate Question 1 6 Not yet answered Marked out of1 \\V Flag question Which of the following is NOT an example nor a characteristic of a white-collar crime? a. Corporate fraud (e.g., Enron) b. Usually non-violent c. Ponzi scheme d. Bank robbery e. Usually motivated by money Question 1 7 Not yet answered Marked out of1 \\V Flag question Which of the following statements about private companies is FALSE? ' a. They are prohibited from inviting the public to subscribe for shares or debentures b. They are limited in the number of members they can have " c. Their members can freely transfer their shares. Question 18 Not yet answered Marked out of 1 Flag question A decision to sacrifice one life in order to save five lives is an example of which of the following? O a. Utilitarianism O b. Categorical Imperative ("The Golden Rule") O c. Social Contract Theory O d. Procedural Justice O e. Outcome JusticeQuestion 1 9 Not yet answered Marked out of1 \\v Flag question What is the signicance of the term "preferred" in reference to preferred shares? a. Preferred shareholders receive certain preferences over ordinary/common shareholders with respect to dividends or with respect to assets in the event of liquidation/winding-up \\ b. Preferred shareholders receive preference over creditors of the company in the event of liquidation/winding-up \\ c. Preferred shares are considered to be paripassu to ordinary shares d. Preferred shareholders usually have better voting rights than ordinary shareholders Question 20 Not yet answered Marked out of1 \\V Flag question Which of the following statements about debentures is/are true? a. Debentures issued in a series normally will M rank paripassu with each other b. Payment of interest and repayment of the loan are conditional on the borrower company making a profit c. Private companies cannot have more than 50 creditors d. All of the above statements about debentures are false e. All of the above statements about debentures are true Question 21 Not yet answered Marked out of 1 \\V Flag question Fred and Ginger are partners in their real estate business (a general partnership). They decide to purchase a building for the partnership. Ginger will put up the money for the building, and Fred will complete the remodeling. While inspecting the building, Fred is informed that the building is packed full of asbestos (a chemical that causes cancer). He fails to tell Ginger of the presence of the substance. The partnership buys the building and goes into business. During remodeling of the building, people from the neighborhood begin complaining about the dust from the building. Some ofthem even threaten to sue. Who would be liable to the people in the neighborhood? a. Ginger will be liable because she is the one that purchased the building. Fred will not be liable. Even though he had actual knowledge, he did not purchase the building b. Neither Fred or Ginger is liable personally, nor is the partnership, as they did not put the substance in the building c. Fred will have liability because he was put on notice ofthe presence ofthe asbestos. Ginger will not be liable because she did not have actual knowledge. d. Both Fred and Ginger will be liable by virtue of the fact that they are partners and have joint and several liability